JPMorgan’s $3.5 Billion Sale of its Physical Commodities Business
03.21.14
This is only gets display when printing
Simpson Thacher is representing JPMorgan Chase & Co. (NYSE: JPM) in connection with the announced sale of its physical commodities business to Mercuria Energy Group Limited, a global energy and commodities trading company, for $3.5 billion. The all-cash transaction is expected to close in the third quarter of 2014, subject to regulatory approvals.
The Simpson Thacher team includes: Lee Meyerson, Brian Chisling, Sam Warfield, Erik Ping Wang and Liz Muscarella (M&A); Jason Vollbracht and Chang Won Choi (Tax); Brian Robbins, Doug Tang and Dave Teigman (Executive Compensation and Employee Benefits); Lori Lesser, Joshua Walker and Genevieve Dorment (Intellectual Property); Joyce Xu, Jonathan Lindabury and Solomon Bashi (Derivatives); J.T. Knight (Credit); and Michael Naughton (Antitrust).