JP Morgan buys UBS' Canadian energy and ags businesses
UBS is to sell its Canadian energy operations and global agricultural commodities businesses to JP Morgan. Terms of the acquisitions, which are expected to close during the first quarter of 2009, were not disclosed.
UBS Commodities Canada will become an indirect wholly-owned subsidiary of JP Morgan, allowing JP Morgan to expand its presence in the Canadian natural gas, power and crude oil physical and financial markets. JP Morgan's Calgary office will be run by Brian Cumming, most recently based
More on Financing
Deal of the year: Intersect Power
Energy Risk Awards 2025: Clean energy company secures significant BESS financing amid market volatility
Innovation of the year – Project: Tramontana
Energy Risk Awards 2025: Finance specialist develops transformational agroforestry project
Sustainable finance house of the year: Bank of America
Energy Risk Awards 2025: Bank furthers commitment to sustainability with large-scale transactions that showcase innovation, ingenuity and vision
Supply chain decoupling fires up alpha focus at BofA
Talking Heads: Stock dispersion sees funds gross up on long/short baskets, while US structured notes come of age
Sustainable bond markets miss an options trick
A derivatives mindset could boost lagging sustainability-linked market, argues climate think-tank
UBS precious metals team shines amid market turmoil
Global uncertainty always adds allure to precious metals, putting a premium on the long-standing relationships and cutting-edge technology of the UBS precious metals team
A global solution to market developments
Sponsored content
