JP Morgan sells commodity arm to Mercuria for $800 million: sources

... transferring to Mercuria will primarily join Mercuria's trading hubs of Houston, London, Calgary, Singapore and Greenwich, Connecticut. As part of the deal, Mercuria will acquire Henry Bath, an historic metals warehousing, storage and handling ...

http://www.reuters.com/article/2014/10/03/us-mercuria-jpmorgan-idUSKCN0HS1JA20141003?feedType=RSS&feedName=innovationNews