JPMorgan Said Near Decision on $2 Billion Commodities Unit Sale

JPMorgan Chase & Co. could fetch at least $2 billion for its commodities unit after it received bids from Blackstone Group LP, Macquarie Group and Mercuria Energy Group Ltd., people with knowledge of the matter said.

JPMorgan will ask those suitors for more details on their offers to narrow the list to one exclusive bidder and may choose a winner as soon as this week, said the people, who asked not to be named because the information is private. The process could extend into February, one of the people said.