Sempra Energy (SRE)

Royal Bank of Scotland Group PLC is on the verge of striking a deal to sell the non-North American operations of a joint business with Sempra Energy to J.P. Morgan Chase , a person familiar with the situation said Wednesday.
RBS, which is 84%-owned by the government, has been ordered by the European Union to sell its 51% stake in RBS Sempra Commodities as a condition of taking billions in state aid. According to people familiar with the situation, bids for all of RBS Sempra came in at more than $4 billion.

Feb 11 · 3:42:00 PM · Source: NASDAQ
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by Michael Oliveto