Nomura London Unit Becomes Anglo American M&A Adviser -Nikkei
July 22 2009 - 1:36AM
Dow Jones News
LONDON (Nikkei)--Nomura International PLC has been appointed to
jointly advise major U.K.-based mining company Anglo American Plc.
(AAL.LN), which in late June rejected a hostile takeover bid from
Swiss rival Xstrata PLC (XTA.LN), the Nikkei reported in its
Wednesday evening edition.
In cooperation with UBS AG and Goldman Sachs Group Inc., which
have also been named advisers, the London-based Nomura Holdings
Inc. (8604.TO) subsidiary will advise Anglo American on such
strategic options as fending off further takeover bids by Xstrata,
and negotiating to raise the purchase price offered by the Swiss
company from around Y4 trillion.
The appointment will involve Nomura in what is potentially one
of the biggest M&A deals that the Japanese brokerage has
handled overseas.
Nomura acquired the core European and Middle Eastern operations
of now-defunct Lehman Brothers Holdings Inc. last fall, and
integrated them into its investment banking operations. It has
since underwritten new share issues for European companies.