JP Morgan concentrates unit returns to founder

Apr 26, 2012 | 03:04 PM | Barbara O'Donovan

Tags  Freepoint Commodities, JP Morgan, base metal concentrates, copper cathode, David Messer, Sempra, barbara o'donovan

NEW YORK — Physical commodity trading and marketing company Freepoint Commodities LLC will acquire JP Morgan Ventures Energy Corp.’s physical base metal concentrates and copper cathode trading business, returning it to the control of one of its founders.

Greenwich, Conn.-based Freepoint, founded by chief executive officer David Messer and other former Sempra Energy Trading Corp. executives in 2011, will buy JP Morgan Metals & Concentrates LLC from JP Morgan Ventures Energy, a subsidiary of JP Morgan Chase & Co., for an undisclosed amount.....

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