Date:23/12/2008 URL: http://www.thehindu.com/2008/12/23/stories/2008122356281500.htm
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Business

UBS sells commodities businesses


ZURICH: UBS has sold some of its non-strategic commodities businesses to J. P. Morgan for an undisclosed amount, the Swiss bank said on Monday. J. P. Morgan had bought all of the Canadian-based commodities energy business, Canadian Energy, from UBS’s investment bank by purchasing shares in UBS Warburg Energy Holdings, UBS said in a statement.

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