Free Trial

Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

JPMorgan acquires RBS Sempra

17 February 2010

JPMorgan has acquired RBS Sempra Commodities' global assets leaving just the firm’s North American natural gas and power business.

Read more: [RBS Sempra Commodities acquisiton] [metals and energy] [JPMorgan RBS Sempra]

JPMorgan has agreed to pay $1.7 billion to acquire RBS Sempra Commodities' global oil, global metals and European power and gas assets.

The transaction is expected to close in the second quarter of 2010, pending regulatory approvals and will see the assets integrated into JPMorgan's existing global commodities business, led by Blythe Masters.

The deal will see JPMorgan buy RBS Sempra Commodities’ global oil unit, its metal trading business and operations...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010