Macquarie could buy JPMorgan unit

Investment bank a shortlisted bidder for physical commodities business.

Investment bank Macquarie Group (MQG) is a shortlisted bidder for JPMorgan Chase's physical commodities business, with a sale price estimated at up to $US2 billion ($A2.21 billion), CNBC reports.

According to the publication, private equity firm Blackstone Group and investment company Castleton Commodities International are also set to make final offers, with JPMorgan hoping to make a decision by the end of January.

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