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J.P. MORGAN SEEKS BUYER FOR ITS SIX-YEAR-OLD GLOBAL ENERGY TRADING GROUP
- Article from:
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Hart's Petroleum Finance Week
- Article date:
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July 20, 1998
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Copyright informationCopyright Phillips Business Information Corporation Jul 20, 1998. Provided by ProQuest LLC. (Hide copyright information)
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J.P. Morgan and Co. Inc. is encouraged by initial interest in its global energy trading group, which the New York banker put up for sale so it can focus on other investment services. The six-year-old energy trading group provides energy-related derivatives and other trading products. Morgan will offer energy trading to its clients until a sale is completed. Morgan is the fourth-largest U.S. bank. "The sale of this group to a buyer with a strategic focus on energy trading is in the best interests of clients, employees and Morgan overall," said Thorkild ...
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