-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, pFQJ097+SB+2ObdaeYVe4F97LG8um1kSIeZoFJI5vHxvNPztbw6TNkG+wyLBNpXx Zn3qtg76UAPYJNlv9jlUAA== 0000068100-95-000374.txt : 19950728 0000068100-95-000374.hdr.sgml : 19950728 ACCESSION NUMBER: 0000068100-95-000374 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950727 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950727 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN J P & CO INC CENTRAL INDEX KEY: 0000068100 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 132625764 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05885 FILM NUMBER: 95556557 BUSINESS ADDRESS: STREET 1: 60 WALL ST CITY: NEW YORK STATE: NY ZIP: 10260 BUSINESS PHONE: 2124832323 MAIL ADDRESS: STREET 1: P O BOX 271 STREET 2: C/O WILLIAM D HALL CITY: WILMINGTON STATE: DE ZIP: 19899 8-K 1 COVER PAGES FOR PRESS RELEASE 1 _________________________________________________________________ __________ _________________________________________________________________ __________ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ______________ Date of Report (Date of earliest event reported) July 18, 1995 J.P. MORGAN & CO. INCORPORATED (Exact name of registrant as specified in its charter) DELAWARE 1-5885 13-2625764 (State or other juris- (Commission (IRS Employer diction of File Number) Identification No.) incorporation) 60 WALL STREET, NEW YORK, NEW YORK 10260- 0060 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 483- 2323 _________________________________________________________________ (Former name or former address, if changed since last report) _________________________________________________________________ __________ _________________________________________________________________ __________ 2 ITEM 5. OTHER EVENTS On July 18, 1995, the Registrant issued a press release announcing the sale of its local custody and securities clearing businesses in Continental Europe. The sale is expected to produce a net gain and to have no material effect on ongoing consolidated results. The press release is filed herein as Exhibit 99. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial Statements NONE. (b) Pro Forma Financial Information NONE. (c) Exhibits 99. Copy of press release of J.P. Morgan & Co. Incorporated dated July 18, 1995. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. J.P. MORGAN & CO. INCORPORATED ______________________________ (REGISTRANT) /s/ PATRICIA A. JONES ________________________ NAME: PATRICIA A. JONES TITLE: MANAGING DIRECTOR DATE: July 27, 1995 1 EXHIBIT INDEX Exhibit 99 - Press release of J.P. Morgan & Co. Incorporated dated July 18, 1995 EX-99 2 SALE OF LOCAL CUST & SEC CLRG IN CONTINENTAL EUROP Exhibit 99 July 18, 1995 J.P. Morgan sells local custody and securities clearing businesses in Europe to Banque Paribas ____________________________________________________________ ____________ J.P. Morgan announced today that Banque Paribas has agreed to acquire Morgan's local custody and securities clearing businesses in Continental Europe. The sale is expected to close within four months, subject to regulatory approvals. Terms of the transaction were not disclosed. This announcement follows Morgan's recent agreements to sell its global securities custody and U.S. commercial paper issuing and paying agency businesses. The sales reflect a sharpening of the firm's strategic focus on its core global banking activities. Walter Gubert, head of J.P. Morgan in Europe, said: "We are extremely optimistic about prospects for our advisory, trading, capital raising, and asset management and private banking businesses in Europe and around the world. We are already a leader in each of these areas, and with our increased focus, we are ideally positioned to build on our existing strengths." He added that "Banque Paribas was selected on a number of factors -- all underlined by its commitment to providing a smooth transition and continued service excellence for our clients." Morgan will use Banque Paribas for its own local custody and clearing needs. Banque Paribas will offer jobs to all the Morgan employees directly involved in the local custody and securities clearing business. Morgan provides these services in Europe through its offices in Brussels, Frankfurt, Madrid, Milan, and Paris. J.P. Morgan's role as operator of the Euroclear System, the world's largest clearance and settlement system for internationally traded securities, will not be affected by the sale. J.P. Morgan is a global banking firm that serves clients with complex financial needs through an integrated range of advisory, financing, trading, investment, and related capabilities. Banque Paribas is part of Groupe Paribas, an international banking and financial company headquartered in Paris, with offices in 60 countries. * * * -----END PRIVACY-ENHANCED MESSAGE-----