J.P. Morgan Ventures Energy Corporation in $1.7 Billion Acquisition of Energy Commodities Operations
February 16, 2010
Cleary Gottlieb is representing J.P. Morgan Ventures Energy Corporation as purchaser, in its acquisition of RBS Sempra Commodities’ global oil, metals, agricultural, plastics and European energy commodities operations for approximately $1.7 billion in cash and assumption of debt. The assets will be integrated into J.P. Morgan’s existing Global Commodities business. The deal was announced on February 16th.