JPMorgan set to acquire RBS Sempra

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27 January 2010

JPMorgan looks set to acquire base metals trader and broker RBS Sempra Commodities as it negotiates a deal.

JPMorgan looks set to acquire base metals and energy trader and broker RBS Sempra Commodities for an estimated $4 billion.

In additon to trading RBS Sempra also offers its client structured trade finance solutions, most notably in the energy sector (Trade Finance 01/02/08). ...

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Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?

No - are you crazy? These prices are ridiculous. What were these banks thinking?

27%

Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.

64%