Sempra Energy to partner with Royal Bank of Scotland
The joint venture, called RBS Sempra Commodities LLP, will absorb the operations of Sempra Commodities. RBS will provide the joint venture with all growth capital, working-capital requirements and credit support. As a result of this transaction, Sempra Energy estimates it will free up more than $1 billion previously dedicated to the company’s commodities business. Sempra Energy will keep $1.3 billion invested in the joint venture.
“Over the past nine years, we have grown Sempra Commodities to
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