JP Morgan Chase said on Thursday it will buy the remaining shares of its joint venture company JP Morgan from its partner Cazenove Group in a deal that values Cazenove at £1bn (€1.1bn), with an implied joint venture value of £2bn.
Main facts:
JP Morgan to buy out Cazenove JV in £1bn deal
JP Morgan Chase said on Thursday it will buy the remaining shares of its joint venture company JP Morgan from its partner Cazenove Group in a deal that values Cazenove at £1bn (€1.1bn), with an implied joint venture value of £2bn.
Main facts: