If shareholders crush the Glen-Xstrata merger tomorrow, the pain will be deep for the 10 investment banks that worked on the deal. BNP Paribas, which advised Glencore, would suffer the steepest fall in the global M&A adviser rankings, sliding from no. 14 to no. 23; BofA (BAC), which wasn’t on the deal, would benefit most, rising from no. 8 to no. 4.
Simon Property (SPG) is buying a 28.7% stake in Klepierre (KLPEF.PK) from BNP Paribas (BNPQY.PK) for €1.5B ($2B), making Simon the biggest shareholder in the French EU mall owner. Simon Property will receive Klepierre's dividend, which will be declared in April. (PR)
charles696+ FollowFollowing- Unfollow|Send Message17 Jun 2010
Take Credit agricole ( CRARY.PK or ACA in EUR) and/or BNP Paribas (BNPQY.PK or BNP in EUR). Highest risk/return against the safest bank!
View all 0 replies
BNPQY vs. ETF Alternatives
BBNP Paribas (www.bnpparibas.com) has a presence in nearly 80 countries with 190,000 employees, including 145,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets...More