Brussels, 17/06/2010 (Agence Europe) - On Wednesday 16 June, the European Commission cleared the proposed acquisition of RBS Sempra Commodities LLP, the commodities trading arm of UK-based Royal Bank of Scotland, by JP Morgan Chase & Co.
Sempra is primarily active in physical trading of a wide range of commodities and also provides warehousing services for certain of these commodities through its subsidiary Henry Bath & Son Ltd. JP Morgan is a large banking institution and active in the...