The reshuffling of the North American energy trading sector continued at the end of the year as J.P. Morgan announced that it will acquire UBS Commodities Canada Ltd., the Canadian energy operations of UBS AG, as well as the firm’s global agricultural business. In another action Barclays Bank plc said it would acquire UBS’ natural gas trading portfolio in the United States.
Tag / Reshuffling
SubscribeReshuffling
Articles from Reshuffling
J.P. Morgan Acquires UBS’ Canadian Energy Trading Arm
The reshuffling of the North American energy trading sector continued on Monday as J.P. Morgan announced that it will acquire UBS Commodities Canada Ltd., the Canadian energy operations of UBS AG, as well as the firm’s global agricultural business. Financial details of the acquisition, which is expected to close during the first quarter of 2009, were not disclosed.
December 23, 2008
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
