J.P. Morgan has completed its acquisitions of UBS Commodities Canada Ltd. and UBS AG’s global agricultural business, the Wall Street investment bank announced Monday.
UBS Commodities Canada Ltd., which is based in Calgary, is now known as J.P. Morgan Commodities Canada Corp. The firm said that the acquisition expands its global commodities business into the Canadian natural gas, power and crude oil physical and financial markets.
J.P. Morgan has also completed its acquisition of UBS AG’s global agricultural business, enabling the investment bank to broaden its client base and risk management capabilities in the agricultural markets.
J.P. Morgan completes commodity acquisitions from UBS
- By: James Langton
- February 2, 2009 February 2, 2009
- 14:30