February 18th, 2010 
Gary Vasey Apparently JP Morgan is in the process of buying much of RBS Sempra here in Europe on the back of a European Commission ruling ordering RBS to divest its holding. JP Morgan said it would purchase RBS Sempra’s global oil unit, its profitable metal trading business and operations in coal, freight and power and gas in Europe and Asia for $1.7billion. RBS Sempra Commodities will retain its US natural gas and power operations.
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