LONDON (Reuters) - JPMorgan Chase & Co has completed the sale of its physical commodities unit to Mercuria, the fast-growing Swiss trading house said on Friday as it expands into metals and North American markets to enter the top league of commodities traders. The deal, announced last March, was originally valued at $3.5 billion (2.19 billion pounds) but the price decreased to around $800 million because Mercuria bought less metals and oil in JPMorgan's storage, sources close to the deal said. ...
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