Investment banks
Goldman Sachs' mergers team made a valiant effort to defend BAA against Ferrovial's rival bid, but ultimately, the Spanish infrastructure group emerged victorious. The battle for the world's largest airports operator saw key players like Citigroup and the Ontario Teachers' Fund vying for control,
Investment banks
Bank of China has exercised its option to increase the size of its initial public offering (IPO) by 15% to US$11.2 billion, making it the world's fourth-largest IPO. The mainland's second-largest lender aims to raise funds through the sale of additional shares, which will
Investment banks
BAA's management celebrated a record high for the company's stock price, closing at 905p, after a dawn raid attempt by Grupo Ferrovial, the Spanish bidder, was thwarted. Institutional investors, who hold a significant stake in the company, refused to sell their shares, opting instead to support
Investment banks
Eurotunnel, the operator of the 20-year-old Channel tunnel between Britain and France, faces a crucial decision after three major banks, including Barclays, signed up to a sweeping restructuring plan aimed at slashing the company's debt from £6.2 billion to £2.9 billion. The deal, which would see
Banks (Finance)
JMP Securities LLC, a full-service investment bank serving growth companies and their investors, has announced the addition of Jeffrey Johnson as a managing director covering the industrial technology space. Johnson brings an impressive background to JMP Securities, having founded JCJ Capital and held managing director roles at Dresdner Kleinwort Wasserstein,
Banks (Finance)
As Bank of China prepares to launch its US$9.8 billion flotation in Hong Kong, the leading investment banks driving the deal are set to reap an estimated US$250 million in fees. Goldman Sachs and UBS are working alongside Bank of China's own investment bank to
Banks (Finance)
J.P. Morgan Chase, led by chief executive James Dimon, posted record earnings in the first quarter, driven by a surge in investment banking fees and a drop in loan-loss reserves. The company's net income climbed 36% to $3.08 billion, while revenue increased 12% to $15.2
Banks (Finance)
Morgan Stanley's real estate arm plans to make a significant investment in Shanghai, acquiring a prime commercial property project worth over $2 billion as part of a broader buying spree on the mainland. The move follows the opening of a new branch in Shanghai, which signals the company&
Banks (Finance)
Industrial and Commercial Bank of China (ICBC) is poised to finalize a deal with three foreign strategic investors in Beijing, where it will sell a combined 10% stake for $3.78 billion. The investors, Goldman Sachs, Allianz Group, and American Express, have enhanced the strategic element of their proposals, including
Banks (Finance)
Goldman Sachs, Allianz, and American Express have secured a historic $3.8 billion deal to purchase a combined 10% stake in Industrial and Commercial Bank of China (ICBC), the country's largest bank. This move marks the biggest foreign investment in China's financial sector, allowing the investors
Banks (Finance)
The Australian government has appointed the local units of ABN AMRO, Goldman Sachs, and UBS as global coordinators for the planned sale of its 51.8 percent stake in Telstra, the country's dominant phone company. The stake is currently worth 25 billion Australian dollars, or $18.5 billion,
Banks (Finance)
As the regional economic crisis of the late 1990s comes to a close, Asian companies are now in a position of unprecedented financial strength. Led by Citigroup's corporate and investment banking arm, Asian companies are ready to embark on a spate of international acquisitions across the region and
