{"id":327843,"date":"2010-02-16T07:55:00","date_gmt":"2010-02-16T12:55:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/rbs-sells-some-commodity-businesses-to-jp-morgan-2010-2"},"modified":"2010-02-16T07:55:00","modified_gmt":"2010-02-16T12:55:00","slug":"jp-morgans-commodities-dominance-looms-ever-larger-as-rbs-sells-it-some-businesses","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/327843","title":{"rendered":"JP Morgan&#8217;s Commodities Dominance Looms Ever Larger As RBS Sells It Some Businesses"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b6b46520000000000d56bea\/oil.jpg\" border=\"0\" alt=\"oil\" \/><\/p>\n<p>LONDON (AP) &mdash; Royal Bank of Scotland PLC said Tuesday that its joint-venture commodities unit RBS Sempra Commodities has sold its metals, oil and European energy businesses to investment bank J.P. Morgan for $1.7 billion.<\/p>\n<p>RBS, which is 84 percent owned by the British government, will get 47 percent of the sale price, and expects to report a small gain on the deal, it said.<\/p>\n<p>&#8220;We believe we have struck a fair price and contract with J.P. Morgan,&#8221; said Bruce Van Saun, RBS&#8217; group finance director.<\/p>\n<p>&#8220;The remaining assets in RBSSC, namely the North American power and gas businesses, remain of high value and are performing well. Along with our joint-venture partner, Sempra Energy, we continue to actively consider various ownership alternatives for the remainder of RBSSC.&#8221;<\/p>\n<p>J.P. Morgan said the acquisition would be integrated into its existing Global Commodities business.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/rbs-sells-some-commodity-businesses-to-jp-morgan-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/2cysnreFALIaLfuxjWYLZoir6O4\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/2cysnreFALIaLfuxjWYLZoir6O4\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/2cysnreFALIaLfuxjWYLZoir6O4\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/2cysnreFALIaLfuxjWYLZoir6O4\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=3qZtdWWQiRM:Mcskw7Vtt0E:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=3qZtdWWQiRM:Mcskw7Vtt0E:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=3qZtdWWQiRM:Mcskw7Vtt0E:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=3qZtdWWQiRM:Mcskw7Vtt0E:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=3qZtdWWQiRM:Mcskw7Vtt0E:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=3qZtdWWQiRM:Mcskw7Vtt0E:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=3qZtdWWQiRM:Mcskw7Vtt0E:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=3qZtdWWQiRM:Mcskw7Vtt0E:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/greensheet\/~4\/3qZtdWWQiRM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (AP) &mdash; Royal Bank of Scotland PLC said Tuesday that its joint-venture commodities unit RBS Sempra Commodities has sold its metals, oil and European energy businesses to investment bank J.P. Morgan for $1.7 billion. RBS, which is 84 percent owned by the British government, will get 47 percent of the sale price, and expects [&hellip;]<\/p>\n","protected":false},"author":5359,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-327843","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/327843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5359"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=327843"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/327843\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=327843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=327843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=327843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}