Arab Today, arab today jpmorgan \to raise stake in london metal exchange\
Last Updated : GMT 03:48:39
Arab Today, arab today
Arab Today, arab today

JPMorgan \'to raise stake in London Metal Exchange\'

Arab Today, arab today

Arab Today, arab today JPMorgan \'to raise stake in London Metal Exchange\'

London - AFP

US bank JPMorgan Chase will buy failed broker MF Global\'s minority stake in takeover target the London Metal Exchange, making it the biggest shareholder, sources close to the matter said Wednesday. JPMorgan will pay £25 million (29 million euros, $39 million) for MF Global\'s 4.7-percent stake in a deal which values the London Metal Exchange at more than £530 million, the sources told AFP. MF Global filed for bankruptcy late last month after confidence in the company was shattered by a string of losses on its European public debt holdings. JPMorgan will buy the stake from KPMG, the administrator of MF Global\'s British division, leaving JPMorgan with 10.9 percent of the 134-year-old LME. The LME in September announced receiving several expressions of interest in the company. On Wednesday, however, a spokesman said the the Exchange had no new announcements. Situated in the heart of London\'s City financial district, the LME is the traditional home for trading of base metals aluminium, copper, lead, tin and zinc.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jpmorgan \to raise stake in london metal exchange\ Arab Today, arab today jpmorgan \to raise stake in london metal exchange\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jpmorgan \to raise stake in london metal exchange\ Arab Today, arab today jpmorgan \to raise stake in london metal exchange\

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday