JP Morgan explores options to sell trading and physical commodities businesses. JP Morgan Chase & Co announced that they plan to step out of the business of trading and owning physical commodities which range from oil to metals.
Exits
India's Wildcraft Inc. looks to private equity firms for funding
Wildcraft Inc. announced that it is looking to raise up to INR75 crore to finance its expansion programs.
Oman's Sembcorp to hold its IPO in September
Sembcorp Salalah Power and Water Company stated that it was now preparing for its IPO in September. Oman's Sembcorp Salalah Power and Water Company announced that it is preparing to float an initial public shares offering in September of this year.
Richmond Federal Reserve president advises quick exit from bond-buying program
Federal Reserve must dissolve bond-buying program quickly, according to Richmond Fed leader Jeffrey Lacker.
JPMorgan, to sell physical trading acquisitions Bear Stearns, RBS Sempra
Holding company JPMorgan Chase & Co. plans to quit the physical commodity business by selling physical trading assets Bear Stearns and RBS Sempra.
Latest News
Russian tycoon Alexander Nesis has sold around US$1 billion worth of shares in Uralkali to fund new projects.
The French conglomerate’s efforts to revamp its diversified portfolio begins with the sale of its stake in Activision Blizzard worth US $8.2 billion.
Repsol is considering to sell its 30% stake in Gas Natural Formosa worth Eur 4.5 billion but holds it off until deal with Shell is finalized.
Sources revealed that Actis is looking to offload its stake in Nilgiri Dairy Farm for around US$110 million.
Wells Fargo revealed that it is exiting its mortgage joint ventures in accordance to new regulations.
Distressed debt investor, Oaktree Capital Group said that they hired Goldman Sachs Group to look for a buyer for Tekni-Plex.
Publisher Axel Springer signs a deal with Funke for printed media following announcement to go completely digital.
Investment firm Almaz Capital raised a total of US$102 million for its second funding. Russia-focused technology venture investor Almaz Capital has posted a US$102 million total for its second fund according to one of the company's securities filing.
Ashland Inc may opt for divestment of elastomers and water-treatment businesses. Ashland Inc. (ASH) has announced plan to divest an elastomers unit and possible sale of a water-treatment business, moves that could cut around US$2 billion from the American chemical company's revenue.
