Prudential Sells Global Commodities Business to Jefferies Grou

Prudential Financial has announced that it is selling its global commodities business to investment banking firm Jefferies Group. Through the acquisition, Prudential is giving up ownership of business units in the US: FCM, Bache Commodities and Bache Securities; the UK: Bache Commodities Ltd.; and the Bache Commodities unit located in Hong Kong.

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