Nothing but negotiation

 
The Gap Partnership

RBS sells commodities division to JP Morgan

UK bank confirms £1.1bn deal for Sempra Commodities

02 July 2010

Royal Bank of Scotland (RBS) has confirmed the sale of its Sempra Commodities arm to JP Morgan.

The US bank has acquired the metals, oil and European energy business for £1.1 billion in a deal which was announced earlier this year.

The transaction has received approval from international regulators

RBS was ordered to get rid off assets such as Sempura by the European Commission to ensure the taxpayer-owned bank would not breach competition regulations.

Jes Staley, chief executive of JP Morgan's investment banking division, claimed the move would be beneficial for both the business and its clients.

He said: "This acquisition extensively expands our global commodities capabilities, enabling us to extend our reach in the commodities space dramatically."

In 2009, Sempra recorded revenues of more than $8 billion (£5.3 billion).

The firm has 13,800 employees and serves around 29 million consumers worldwide.

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more