LONDON (Reuters) - J.P. Morgan will soon announce it has bought a 4.7 percent stake in the London Metal Exchange (LME) from defunct U.S. brokerage MF Global, two people familiar with the situation said, making it the exchange's largest shareholder. The U.S. investment bank would pay 25 million ($39.1 million) pounds for the stake in the world's largest metal market, the sources said, implying a total value of around 530 million pounds for the operator. An announcement could come as early as this week. The sale to J.P. ...
Source: http://news.yahoo.com/jp-morgan-buy-mf-global-stake-lme-source-144656281.html
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