Press Release: Mergers: Commission approves acquisition of RBS Sempra Commodities by JP Morgan

The European Commission cleared on 17 June 2010 under the EU Merger Regulation the proposed acquisition of RBS Sempra Commodities LLP, the commodities trading arm of UK-based Royal Bank of Scotland, by JP Morgan Chase & Co. After examining the operation carefully, the Commission concluded that the transaction would not significantly impede effective competition in the EEA or any substantial part of it and has therefore approved the concentration.