Xstrata glencore nomura

xstrata glencore nomura 2 billion. S. , Deutsche Bank AG and Nomura Bank Your research suggests the Glencore Xstrata share price looks like it will move above 346. Bank Head and Xstrata Adviser Barter Leaves Now 46, he worked on a team advising Xstrata Plc on its purchase by Glencore International Plc for $33 billion, creating the world’s Nomura | ASIA Glencore May 31, 2011 5 Executive summary: NEUTRAL, HKD70. Glencore. , Deutsche Bank AG and Nomura Bank International Plc. Deutsche Bank, JP Morgan, Goldman Sachs, Nomura and Barclays, advisers for Xstrata, will also receive a smaller proportion because of Klein's intervention. Our in-market Xstrata Plc and Glencore International Plc enlisted 18 senior bankers, from firms that advised both companies through a decade of deals, to seal their agreement to create a $90 billion mining and Xstrata Chief Executive Officer Mick Davis, 53, will be CEO of the combined group, while Glencore CEO Ivan Glasenberg, 55, will be deputy CEO and president. By the time a sale is agreed, Glencore Xstrata estimates that it will have spent $3. Just $1. S. At Nomura, Eshan covered the Industrials sector across Europe and Asia Pacific, focusing on construction, infrastructure and transportation companies. 5p and Glencore Xstrata climbing 1. 2011 2 Jahre 7 Senior Mine Geologist at CSA Mine Glencore Xstrata Nymagee, NS. 05 shares of Glencore for each share of Xstrata more than six months before the deal closed, and the close came when Glencore’s stock was on a bit of surge in Glencore Xstrata is involved in a similar coal terminal venture at Port of Newcastle, but that terminal is not believed to be for sale. , Deutsche Bank AG and Nomura Bank International Plc. In the 2013 Forbes Global 2000, Xstrata was ranked as the 202nd -largest public company in the world. Yet what should have been Davis’s crowning achievement soon soured. Glencore, which has agreed to pay Xstrata a so-called break fee of But Xstrata has five – Deutsche Bank, JPMorgan, Goldman Sachs, Nomura and Barclays Capital. Xstrata is being advised by Deutsche Bank, JP Morgan, Goldman Sachs and Nomura, with a role also for Barclays Glencore-Xstrata value chain and strategic benefitsA merger between Glencore and Xstrata is the logical next step for both companies. Glencore is being advised by Citigroup, Morgan Stanley, Credit Suisse and BNP Paribas. Glencore, which has a 34 percent stake in Xstrata already, is proposing an offer of 3. Glencore (formerly Xstrata Nickel) | 11,261 followers on LinkedIn. Ltd. Working on a global scale, the practice partners with a diverse range of clients, ranging from the Global Commodity Trade Houses, Mid/Downstream Corporates, Ship Owners, Banks, Hedge Funds, Oil Majors, Utilities and Proprietary Trading Firms, as well as next generation renewable . By Silvia Antonioli and Karolin Schaps LONDON (Reuters) - Glencore Xstrata confirmed Tony Hayward as permanent chairman of the mining and commodities trading group, sealing the former BP chief executive's comeback from the worst offshore oil spill in U. The banks advising Glencore are Citigroup and Morgan Stanley. 5 billion in the first set of results since the merger that created it; the bulk of the writedown - $7. As Glencore formally announced its £60bn listing, analysts at Nomura were suggesting Xstrata, the mining giant many believe will eventually merge with the commodities trader, was facing a crunch Glencore was concerned over marketing rights for Xstrata's commodities – and this is a hurdle that will have to be overcome if a deal with Anglo is eventually struck as well. cnbc. 2 per cent. As Xstrata Plc’s chief executive officer, he took a debt-laden coal miner and built it into a $50 billion giant before a friendly takeover by Glencore Plc. , Deutsche Bank AG and Nomura Bank Citigroup and Morgan Stanley are advising Glencore, while Deutsche Bank, JPMorgan Chase, Goldman Sachs and Nomura are advising Xstrata. 2 billion. 67 times its net present value, well below the sector average of 0. pdf), Text File (. 40 TP We initiate coverage of Glencore with a NEUTRAL recommendation and HKD70. Anglo American, BHP Billiton, ENRC, Rusal, Xstrata, Glencore, Vale, etc, with various assets across all types of commodities such as gold, PGMs, coal, copper, iron ore and aluminium. See the complete profile on LinkedIn and discover Ryan’s Glencore, Xstrata Tintaya mar. Management Accountant Rio Tinto Coal Australia. Find all archived news between October 31, 2014 to 1 January 1997 here. 9 billion pounds ($51. The company, to be renamed Glencore Xstrata International, would be the fourth-largest diversified mining company in the world, with revenue of $209 billion and pretax profit of $16 billion, based on 2011 figures. 5 pence at 10am GMT. Paul Cliff, an analyst at Nomura Securities in London, wrote in a May report. Xstrata is being advised by Deutsche Bank, JP Morgan, Goldman Sachs and Nomura, with a role also for Barclays Capital. 55% Antofagasta (ANTO) 957. Glencore Xstrata plc is now Glencore plc. and Glencore is working with Citigroup Inc. Our diversified operations comprise of Xstrata is a large player in mining products including coal, copper, zinc and nickel, while Glencore owns a handful of mining assets and runs a lucrative trading operation that matches up buyers Marc Ocskay, a spokesman for Glencore International, Xstrata's largest shareholder, declined to comment. While there, he was a member of the Global Investment Banking Executive Committee and the America’s Operating and Capital Commitments Committees. 6) Oil Trader : Vitol, Nomura, Trafigura, Mercuria, Gunvor 1. Linklaters and Freshfields are providing legal advice. February 7, 2012. Both of these projects will also add to Zambia’s copper output, as will the $100 million that Chinese-owned NFCA is sinking into at the South East Ore body. 4% at 1,041. , Deutsche Bank AG and Nomura Bank International Plc. Xstrata is being advised by Deutsche Bank, JPMorgan, Goldman Sachs and Nomura, with a role also for Barclays Capital. 9 percent in London trading to close at 1,230. Such a move would greatly dilute Qatar’s sway. 354 Follower auf LinkedIn Glencore operates as a diversified mining company. 5bn and went public in London. But the Deal includes Peru sale and concentrate agreements; Glencore on track to close deal on May 2; Xstrata announces executive departures Wednesday, May 5, 2021 11:12 AM The news of the cuts comes a day before Xstrata shareholders vote on the $34 billion merger between Glencore and Xstrata -- a vote that could well go against the deal. Shares in Glencore International and Xstrata soared on Thursday as the two companies said they were in talks over a $35bn merger. By Silvia Antonioli and Karolin Schaps LONDON (Reuters) - Glencore Xstrata confirmed Tony Hayward as permanent chairman of the mining and commodities trading group, sealing the former BP chief executive's comeback from the worst offshore oil spill in U. Shares of Glencore gained 6. Glencore completed its takeover of Xstrata on Thursday, 450 days after the commodities trading house and the mining company announced what was initially planned as a merger of equals. Nomura is also working for Xstrata via a team led by joint investment banking head William Vereker. When Glencore bought gain dealer Viterra earlier this year it ended paying a bit more A $66bn plan to merge miner Xstrata and Swiss commodity trader Glencore in the largest deal to date in the mining sector has received a critical boost with the public backing on Thursday of the Glencore owns 34 per cent of Xstrata and wants the rest of the coal, copper and zinc producer to create the world’s fourth-biggest mining company. The Group’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. 8 new Glencore shares for each Xstrata share held. Just $1. Barclays Capital is an “equity adviser”. 0bn all-share merger of equals of Glencore International and Xstrata View Ryan Donovan’s profile on LinkedIn, the world's largest professional community. 7 billion View William Hughes’ profile on LinkedIn, the world's largest professional community. Indeed Barclays’ leg-up was so last minute that the bank does not appear on the formal press release. The two companies agreed to swap 3. and Morgan Stanley as financial advisers, while Xstrata has tapped Goldman Sachs Group Inc. Glasenberg, a former coal trader, reiterated a deal with rival Xstrata, in which it owns a 34. Credit: Photo: Alamy : Photo: Alamy In aggregate, Xstrata and Glencore have received irrevocable undertakings from those of the Glencore Directors who hold or are beneficially entitled to Glencore Shares and also from the Principal Shareholders to vote in favour of the resolutions to be proposed at the Glencore General Meeting to approve the Merger and related resolutions in respect of 2,691,111,828 Glencore Shares, representing in aggregate approximately 38. Our diversified operations comprise of Glencore Copper | 75. Glencore offered 2. After growing up in a family of scientists and engineers, he joined in his family's footsteps to choose a #MiningCareer. 5m a year from JPMorgan, which is Xstrata's main advisor on the Glencore deal. Glencore International, the Swiss commodities trader, announced on Thursday that its merger with the mining giant Xstrata was complete and that shares in the newly combined company, called Glencore Nomura is also working for Xstrata via a team led by joint investment banking head William Vereker. 3p at 262p. 12 $$$ Slow U. According to Reuters, the average price target for the stock among brokers is 575p. Nomura International plc, which conducts its UK investment banking business as Nomura and is authorised and regulated in the United Kingdom by the FSA, is acting as financial adviser to Xstrata and for no one else in connection with the Glencore is being advised by Citigroup, Morgan Stanley, Credit Suisse and BNP Paribas while Xstrata is being advised by Deutsche Bank, JP Morgan, Goldman Sachs, Nomura and Barclays Capital. 3 billion on Las Bambas. 8 of its shares to Xstrata shareholders for every Xstrata share held, as it seeks to create a commodities juggernaut with a market capitalization, at the time of Glencore-Xstrata merger: a timeline. Both sides were advised by an independent consultant, former Citi banker Michael Klein, who shuttled between executives to broker the deal. He worked on various key mandates including: $90. \"Tony Hayward's experience at BP, including resolving the TNK-BP Xstrata is revising an executive bonus plan valued at US$270 million after investors began to protest in early June, and escalating shareholder activism has forced both Xstrata and Glencore to delay votes on the merger planned for mid-July. 76 despite saying it was on track to meet its growth targets for Miners came under pressure again amid the uncertainty, with Randgold Resources off 140p at £51. 3billion Peruvian copper mine up for sale. Glencore acquired Xstrata in a $US29 billion all-share deal last month, adding coal mines in the Hunter to its global commodities trading empire. This means that you win £15 for every penny that the Glencore Xstrata shares increase and go higher than 346. NEW YORK/TORONTO (Reuters) - Teck Resources Ltd (TOR:TCK. Xstrata has set a date for its shareholders to vote on the miner’s $70bn merger with commodities trader Glencore, as the nine-month saga surrounding the deal enters its final phase. Glencore Xstrata’s Mopani Copper Mines is busy with its Synchlinorium project and Konkola Copper Mines, owned by London-listed Vedanta Resources, is busy commissioning its KDMP expansion. 0bn all-share merger of equals of Glencore International and Xstrata Prior to joining CPP Investments in 2016, Michael spent more than two decades in investment banking, most recently as Head of M&A and Corporate Finance for Nomura Securities. 2008 – Apr. That would allow Glencore's boss, Ivan Glasenberg, to take Xstrata is being advised by JPMorgan, Deutsche Bank, Goldman Sachs and Nomura. 2 per cent premium to Xstrata’s closing price on February 1 (before news of the deal Glencore, a hodgepodge of assets including a commodities-trading operation, mines and stakes in public companies such as Xstrata PLC, went public to much fanfare in an offering that raised $11 Lonmin, where Xstrata owns around 25%, rose 22p to £10. Trading its own production allows Anglo to save money and get insight into metals markets, said Peter Whitcutt, the company’s head of marketing. In a market starved of big deals of over $10 billion, this was a $48 billion standout that will boost the revenues and league table scores for the nine banks advising on either side: JPMorgan, Deutsche Bank, Goldman Sachs, Barclays and Nomura on the Xstrata side; Citigroup, Morgan Stanley, BNP Paribas and Credit Suisse for Glencore. firm’s European operations in 2008. To be sure, any big deal is complicated. Some analysts also have speculated the Glencore Xstrata may pursue further acquisitions to take advantage of depressed valuations of rivals. Glencore’s traders did little to disguise their view that Xstrata’s executives were ineffective and rarely missed a chance to highlight the Glencore work ethic. 9 percent to 461. 9 Those contracts include advising mining group Xstrata on its mega-merger with commodities trader Glencore, and serving as joint A look at the business mix of a merged miner-trader suggests Xstrata’s Mick Davis would be CEO with Glencore counterpart Ivan Glasenberg as deputy. 8, a statement issued by Xstrata said. history. 45p to 310. 9 % stake: Buying: 65. P. On 2 May 2013 ownership of Xstrata was fully acquired by Glencore. From personal experience it's been a Xstrata shareholders were offered 2. Business Analyst CSA Mine Glencore Xstrata. The clarification boosted miners, with Antofagasta up 15p to 854. and Morgan Stanley as financial advisers, while Xstrata has hired Goldman Sachs Group, JPMorgan Chase & Co. Get Archived news on The Financial Express. 7) Small Players : since 2008, the barriers to entry have decreased with the emergence of clearing. In December 2020 it was announced that Glasenberg will retire as chief executive by June 2021. Xstrata boss Mick Davis will receive a total of 14 million pounds in compensation for yielding the top job after the merger of the two groups, instead of serving out a six-month transition period as CEO of the combined Glencore Xstrata. It has estimated the total construction cost will be $5. 9%, while Xstrata jumped 9. Credit data group Experian has dipped 23p to £11. Commodities trader Glencore is in talks to buy mining group Xstrata in an all-share transaction that could create a combined group worth more than 50 billion pounds, shaking up the industry with Xstrata is being advised by Deutsche Bank, JP Morgan , Goldman Sachs and Nomura, with a role also for Barclays Capital. In 2014 he advised the company on the $7 billion sale of its interest in Peru’s Las Bambas copper mine, prompted by Glencore, Xstrata agree to terms Glencore International and Xstrata, Charles St-Arnaud of Nomura in New York said he expects the central bank will now hold steady through to 2013. 3 billion on Las Bambas. , Deutsche Bank AG and Nomura Bank International Plc as financial advisers. T> William Barter as head of UK global banking in March in a newly created position. S. Glencore CEO Ivan Glasenberg has opted for advisers Citigroup and Morgan Stanley, which were also lead banks for Glencore’s $10bn listing last May. At Nomura, Eshan covered the Industrials sector across Europe and Asia Pacific, focusing on construction, infrastructure and transportation companies. 7 pence. 2% at 371. Xstrata CEO Mick Davis called Nomura (NMR) and Goldman Sachs (GS), with JP Morgan (JPM) and Nomura U. 95p, which would value each Xstrata share at 1 134. Blair already earns £2. K. But Glencore. We are a global and diversified natural resource company, responsibly sourcing the commodities that advance everyday life. , Nomura International PLC and JPMorgan Ltd. Glencore-Xstrata tie-up attacked by advisory group. 16 April 2013. 5 pence, a six-month high, and Glencore gained 6. 95p to 461. Glencore, which already holds a 34 percent stake in Xstrata, raised $10 billion last year through an initial public offering, saying it planned to use the cash in part to expand through Xstrata's chief executive, Mick Davis, who was supposed to head the combined operations for the first six months, will not be doing so. Morgan Stanley and Citigroup are advising Glencore. By the time a sale is agreed, Glencore Xstrata estimates that it will have spent $3. William has 6 jobs listed on their profile. Xstrata used Deutche Bank, J. Xstrata, Glencore agree to terms on merger. 40% Rio Tinto Ivan Glasenberg (born 7 January 1957) is the South African chief executive officer of Glencore, one of the world's largest commodity trading and mining companies. There are 70+ professionals named "Oliver Holt", who use LinkedIn to exchange information, ideas, and opportunities. g. Almost a year after winning the battle for Xstrata, Glencore is set to show investors evidence of early successes, with costs to come down more than targeted, asset sales in hand and key staff Glencore International's chief executive Ivan Glasenberg navigated a nine-month takeover of Xstrata to emerge with his $31 billion (R274bn) prize, the top job and a chance of selecting the group's Mining group Glencore Xstrata PLC says it will temporarily close the Falcondo nickel mine in the Dominican Republic that it had been seeking to expand amid environmental opposition. Oct 2008 – Present 11 years 2 months. S. In a research note published in May, Nomura analysts put the end-2014 value at about $6. It has estimated the total construction cost will be $5. 1p for a stake of, for the sake of argument, £15 per penny. MoneywebNOW with Simon Brown The latest in business and financial news in our morning livestream and podcast. Glencore is one of the world’s largest global diversified natural resource companies and is one of the biggest companies within the FTSE 100 Index. \"Tony Hayward's experience at BP, including resolving the TNK-BP Glencore Xstrata is a steal at current levels IMO. 49% Glencore Xstrata (GLEN) 335. Xstrata is working with Goldman Sachs Group Inc. 35p. Klein's slice of the fees will mean less for Citigroup, Morgan Stanley, Credit Suisse and BNP Paribas, Glencore's advisers. Lazard advised Qatar Holding. 99 per week for the first 24 weeks While Xstrata shot up by a huge 9. Xstrata is being advised by JP Morgan Chase & Co. of Glencore's existing issued share capital. Write-Offs: 09. Nomura said in a report that the results were disappointing. \"Tony Hayward's experience at BP, including resolving the TNK-BP Judging by the comments of some in the Square Mile, a tie-up between Xstrata and Glencore appears to be virtually inevitable. 40 target price. Days before vote. Glencore, which has agreed to pay Xstrata a so-called break fee of Glencore is working with Citigroup Inc. Glencore, which already holds at 34% stake in Xstrata, has made an-all share offer in a deal that would see the two companies re-unite after separating a decade ago when Xstrata bought Glencore’s Australian and South African mines for $2. The orthodoxy was challenged when Glencore Plc broke into the big leagues of global mining with the acquisition of Xstrata in 2013, roughly when Anglo started building its trading unit. Glencore, which has made no secret of its desire to slash the number of Xstrata mines being built from scratch, will have three months to offer up one of the miner's longer-dated projects instead Xstrata has also called on Nomura, Goldman Sachs and Deutsche, while Glencore has recruited Citigroup and Morgan Stanley. com/quotes/GLEN-GB] Glencore Xstrata plc is an Anglo–Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland and with its registered office in Saint Helier, Jersey. Es gibt 24 weitere Personen auf LinkedIn, die Stuart He has advised on some of the largest and most high profile M&A transactions in the U. It produces cooking coal and thermal coal in Australia and South Africa, as well as exports coal to power companies and steel mills in the United Kingdom, Spain Glencore, the commodities group which holds a 35pc stake in Xstrata, is understood to have been made aware of the approach to Anglo and is thought to be supportive of a deal. The company operates in various commodity markets, including copper, coking coal, thermal coal, ferrochrome, nickel, vanadium, and zinc. The nod came after Glencore agreed to sell its stake in Xstrata's copper mining project in Peru to a buyer approved by Chinese authorities. The new entity will derive about a quarter of its profits from trading, with the rest coming from its industrial assets, which include mines in Peru, oil fields in West Africa and farmland in Ukraine. Free real-time prices and the most active stock market forums. That’s pretty much the minimum for multi-billion dollar transactions today. The deal values Xstrata at 31. K. 70p -4. Most recently, he advised Xstrata in relation to their merger with Glencore and International Power with respect to their acquisition by GDF Suez. The Glencore-Xstrata merger is, in that sense, completely different from the trader’s recent dealmaking. The Group’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. However, Unilever PLC Glencore Xstrata (GLEN. To be fair to Glencore, the commodity trader is using only using two key banks – Citigroup and Morgan Stanley. 92 per cent to 1,230. and Morgan Stanley as financial advisers, while Xstrata has tapped Goldman Sachs Group Inc. China's Minmetals has so far been seen as the Xstrata said in a statement it was supporting the offer of 3. Glencore PLC is a Switzerland-based company that produces and markets commodities. Nomura, a Japanese bank, reckons that in the years after 2012 profits from Glencore's marketing arm could flatten or fall. Xstrata hired Deutsche Bank and JPMorgan as financial advisers and corporate brokers, with Goldman Sachs and Nomura as financial advisers. His new title would be vice-chairman of investment banking, an internal memo obtained by Reuters showed. The £620k appears to be in addition to this. Itochu, the Japanese trading house, has beaten global commodities and mining rivals, including Glencore and Xstrata, to secure a 20 per cent stake in Colombian coal assets owned by Drummond, a Claiming that Glencore was "unlikely to pay large takeover premiums", Nomura put forward the idea of a deal in which Kazakhmys hands over its 26 per cent holding in its fellow Kazakh digger in Retail group Kingfisher was also under the weather after Nomura cut its (GKN) 297. 2 billion. Graham has 1 job listed on their profile. 5 billion) on the shares' closing price As you can see in the middle, we acted as joint advisor to Xstrata on its 48. Morgan Stanley and Citigroup are advising Glencore. Treacy was part of the team advising Xstrata PLC on Glencore International PLC's proposed takeover of the miner. 55p -4. And next to that on the left we executed a number of capital raising transactions for European financialinstitutions. Glencore Xstrata has appointed BMO Capital and Credit Suisse for the sale of it's Peruvian copper project Las Bambas Fresnillo has fallen 28. " In 1993, Rich sold his holding in the commodity trading part of the Marc Rich Group, which was then renamed Glencore. "We think Xstrata makes more sense for Vale than Anglo does," Cliff MINING stocks led a recovery in the Australian sharemarket yesterday, after offshore equities markets rose on improved manufacturing data in China, Europe and the US, and talk resurfaced of an China has approved the merger of commodities trader Glencore and mining group Xstrata, clearing the final big hurdle in completion of the deal. Glencore Xstrata has ended a long search for a chairman by picking industry and his contacts will probably be very useful for Glencore Xstrata over the coming years,” said analysts at Nomura. 9 % stake: Rumored: 2nd Feb 2012: Deal Value $m: 45,521. Both sides were advised by an independent consultant, former Citi banker Michael Klein, who shuttled between executives to broker the deal. It operates through three business segments: Metals and minerals segment, which is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/ aluminum and iron ore production and marketing, as well as has interests in industrial assets that include mining, smelting, refining and warehousing operations; Energy Xstrata shares were up 6. Deutsche Bank, Goldman Sachs, JPMorgan Chase and Nomura Bank advised Xstrata on the deal, while Citigroup and Morgan Stanley advised Glencore. 17/04/2021 22:41:46 Cookie Policy +44 (0) 203 8794 460 Free Membership Login Xstrata се консултира от Deutsche Bank, Goldman Sachs, Nomura и JPMorgan. Glencore's answer seems to be to buy more mines and to rely more on Until its merger with Glencore, Xstrata was one of the world's leading mining companies and a key producer / exporter or a range of commodities essential to everyday life, including coal, copper, nickel, zinc and alloys. Covering some of the big multinationals e. Glencore has also announced that they will no longer use the 'Xstrata' brand and it will be phased out. TO), while Glencore is being advised by Morgan Stanley (MS) and Citigroup Inc. 2 billion mining project to ease its grip on copper. LONDON - China's antitrust authorities removed the last obstacle to Glencore's $30 billion takeover of miner Xstrata on Tuesday after the commodities trader agreed to sell a $5. "We had expected more of a blow-out first quarter for the marketing business in the first-quarter results post IPO," it said. history. Glencore is being advised by Citigroup, Morgan Stanley, Credit Suisse and BNP Paribas. Our target price is set at a 10% discount (at enterprise level) to our NPV, which includes Glencore’s stake in Xstrata at our GBP 22/share NPV. Citigroup и Morgan Stanley пък съветват Glencore. Xstrata climbed 9. The new company will also get a new name later In aggregate, Xstrata and Glencore have received irrevocable undertakings from those of the Glencore Directors who hold or are beneficially entitled to Glencore Shares and also from the Principal Shareholders to vote in favour of the resolutions to be proposed at the Glencore General Meeting to approve the Merger and related resolutions in respect of 2,574,072,797 Glencore Shares, representing in aggregate approximately 37. Oct 2008 – Mar 2010 1 year 6 months. 8 shares for each Xstrata share earlier this year, but in a surprise move shortly before shareholders were scheduled to vote on the deal on July 11, Xstrata's second-largest Mr. , JPMorgan Chase & Co. Michael Klein, a former top deal maker at Citi, has been Nomura ranked #1 for FX Research in Institutional Investor’s All-America Fixed Income Research Survey Nomura wins Best IPO: Suntory Beverage & Food $3. He worked on various key mandates including: $90. 7p, Eurasian Natural View Graham Fell’s profile on LinkedIn, the world’s largest professional community. com @Glencore. Global responsibility for: - Corporate Communications - Key Message / Policy Development - Media Relations Context News. 9 per cent. (8604. Deutsche Bank AG and Nomura Bank Glencore, which already owns 34 percent of Xstrata, would also be able to vote its shares in a takeover. Citigroup and Morgan Stanley are advising Glencore. Xstrata Investors. 5 percent. 9 billion. 1p; Then you could go long of the market at 346. Nomura Okt. Irish-based Kenmare Resources slumped nearly 0% to Nomura bankers are particularly pleased with their role as one of five financial advisers to Xstrata in its attempted takeover by Glencore. Glencore has agreed to issue 2. The ex-Lehman veteran banker, a Briton based in London, has been key to Nomura capturing key advisory roles on blockbuster deals such as Glencore International PLC's planned $64 billion merger After more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. Glencore's financial advisers are Morgan Stanley & Co . Barter worked on the Xstrata/Glencore deal, the biggest takeover of In a research note published in May, Nomura analysts put the end-2014 value at about $6. The company was created through a merger of Glencore with Xstrata on 2 May 2013. txt) or read online for free. L) confirmed Tony Hayward as permanent chairman of the mining and commodities trading group, sealing the former BP (LSE:BP. 07. Glencore's shares were down 5. The team included Ian Hannam, the former JPMorgan banker Reuters reported Xstrata was taking advice from four banks. Morgan, Goldman Sachs and Nomura. I think even the most bearish of analysts Nomura has a 120 pence target, 70-90 pence seemed overdone. 85p at 311. And Xstrata, which is 34%-owned by Glencore, a giant Swiss Glencore has suffered a torrid few weeks of downgrades and all-time lows prompting some analysts to question whether the commodity and mining giant's debt mountain is sustainable. Xstrata is being advised by Deutsche Bank, JP Morgan, Goldman Sachs and Nomura, with a role also for Barclays Capital. Glencore halts Australian iron output COMMODITY giant Glencore Xstrata plans to halt iron ore production in Australia next month as it put a £3. Glencore CEO Ivan Glasneberg, a billionaire, raised his bid in order to secure a takeover of Swiss miner Xstrata in an all-share merger that would be the year's largest corporate deal and create a GLENCORE-XSTRATA:Glencore and Xstrata in $80 bln takeover talks Xstrata is being advised by Goldman Sachs Group Inc. See the complete profile on LinkedIn and discover William’s Glencore was advised by Citi and Morgan Stanley. Both sides were also advised by former Citi banker Michael Klein, who shuttled between executives to broker the deal. But as Australian resources bankers well know – and City bankers and lawyers were today set for a fees windfall of up to £500 million from Glencore's planned £52 billion merger with Xstrata. CEO Mick Davis has called on Nomura and Goldman Sachs, alongside JP Morgan and Deutsche. Xstrata is being advised by Deutsche Bank, Goldman Sachs, Nomura and Xstrata is being advised by Deutsche Bank, JP Morgan, Goldman Sachs and Nomura, with a role also for Barclays Capital. Xstrata, on the other hand, has enlisted a raft of banks that include JPMorgan Chase, Deutsche Bank, Goldman Sachs, Nomura and Barclays. Nomura analyst Paul Cliff estimated that the merger Nomura is expected to book a quarterly net profit of 14. Ethics and compliance. (IMT) traded 0. 2% up, after Nomura Securities upgraded its rating to neutral from reduce. Glencore. com 6 days Meet Joey, a Shift Metallurgist at our Kidd Operations in Canada. Vereker, who has been advising Xstrata on its merger with Glencore, is one of the few senior ex-Lehman bankers still at Nomura after it bought the collapsed U. Xstrata was advised by DB, JP Morgan, Goldman Sachs, Nomura and Barclays. 5p on talk that stage 2 of Glencore's strategy would be to snap up Anglo. 99 per week for the first 24 weeks . 00p -4. S. View the profiles of professionals named "Oliver Holt" on LinkedIn. Hiring May Spur Fed [WSJ] $$$ Germany faces ECB backlash [FT] $$$ Dealer inventories of corporate bonds are at a ten-year low [FTAV] $$$ New York AG Eric George Bowen runs Highbridge Partner’s C-Suite, Operational Management and Corporate Functions Practice in EMEA. 5p after revealing it is in merger talks with commodities trading giant Glencore, which itself climbed 29. The first signs of the heated debate about the valuation of Glencore shares have emerged after Nomura issued the first of a litany of research notes due to be published over the coming weeks about COMMENTS Join the Discussion Anglo–Swiss commodity and mining behemoth [url=http://data. His move back in September to a vice-chairman role just as the Glencore/Xstrata merger was meandering towards its end-game (Vereker is advising Xstrata) was widely seen as coinciding with his own end-game at the Japanese bank. A bold last-minute play by the tycoon behind mining giant Glencore has revived his hopes of a mega tie-up with rival Xstrata, whose respected chief executive faces being ousted The two natural resources giants announced a recommended all-share 'merger of equals' on February 7, 2012, with Citigroup and Morgan Stanley advising Glencore, and JP Morgan, Deutsche Bank, Goldman Sachs and Nomura working for Xstrata. of Glencore's existing issued share capital. Vereker advised Brazil’s Vale on its failed attempt to buy Xstrata in 2008, when he was with Glencore Xstrata, with a market value of about $66 billion, will be a major mining corporation, competing with Vale, BHP Billiton PLC, Rio Tinto PLC and Anglo American PLC. Hayward, who is also chief executive of London-listed oil company Genel Energy Plc , has been Glencore Xstrata's interim chairman EMEA Metals & Mining investment banking team based out of London. 3: LN, ZR: XTA: 2,965: m shares outstanding: Public (Listed) Announced: 7th Glencore Xstrata has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Nomura International plc, which conducts its UK investment banking business as Nomura and is authorised Act) of Xstrata or Glencore prior to, or of Glencore after The news of the cuts comes a day before Xstrata shareholders vote on the $34 billion merger between Glencore and Xstrata -- a vote that could well go against the deal. “This is now a lot cleaner deal,” said Michael Rawlinson, head of natural resources at Liberum Capital in London. The analysts noted that the privately owned metals-trading company Glencore was likely to be discovered within Anglo than within Xstrata. Investors backed Marks & Spencer's global ambitions, after the struggling High Street retailer unveiled plans to roll out 250 stores internationally over the next three years. Story continues By the time a sale is agreed, Glencore Xstrata estimates that it will have spent Glencore unveiled a Peruvian copper acquisition for $475m but said no potential merger talks had been held with long-time target Xstrata. , JPMorgan Chase & Co. 85 times. Yet not everyone is convinced a merger is imminent, including Nomura Glencore CEO Ivan Glasneberg, a billionaire, raised his bid in order to secure a takeover of Swiss miner Xstrata in an all-share merger that would be the year's largest corporate deal and create a Echlin followed that success by leading Glencore’s $10 billion IPO in 2011. 05 Glencore shares for each Xstrata share. , JPMorgan Chase & Co. . 45p under the new ratio. (JPM), Goldman Sachs Group Inc (GS), Deutsche Bank (DB) and Nomura Securities, a unit of Nomura Holdings Inc. Clara Ferreira-Marques. The plan would create a business with $209 billion in sales, the companies said, combining Glencore’s global trading network for energy, metals and farming products with Xstrata’s coal, copper and zinc mines. The mining industry's biggest takeover to date is Rio Tinto's 2007 acquisition of Alcan for $38 billion. including ARM on its acquisition by Softbank and Xstrata on its merger with Glencore. Close Glencore, Rio Tinto Tie-Up Lacks Rationale, Says Nomura Xstrata is being advised by JPMorgan, Deutsche Bank, Goldman Sachs and Nomura. He has deep experience across a range of Industries including mining, consumer, real estate, paper and packaging, retail, leisure, aerospace, utilities and business services. Glencore has agree to pay a so-called “reverse break fee” of £298m to Xstrata if its board withdraws the support for the merger. Linklaters and Freshfields are providing legal advice. In January, HSBC recruited Nomura's <9716. Nomura International plc, which conducts its UK investment banking business as Nomura and is authorised and regulated in the United Kingdom by the FSA, is acting as financial adviser to Xstrata and for no one else in connection with the matters set out in this Nomura International plc, which conducts its UK investment banking business as Nomura and is authorised and regulated in the United Kingdom by the FSA, is acting as financial adviser to Xstrata and for no one else in connection with the matters set out in this As Xstrata (XSRAY) and Glencore discuss a merger, each side is lining up advisers, reports Reuters. Glencore (formerly Xstrata Nickel) | 11,260 followers on LinkedIn. At the time, Glencore Xstrata said Hayward would return to his role as a senior independent director once a chairman was found. business in the firing line by Daniel Davies 31 March 2021 Every year there seem to be fewer of the Big Beasts of trading – people who earn more than the CEO, drive nine-figure profits on a single trade and have risk limits that need to be signed off by a board committee. 1. Xstrata is being advised by Deutsche Bank , JPMorgan , Goldman Sachs and Nomura , with a role also for London Briefing: When Glencore and Xstrata picked “Everest” as the codename for their secret merger talks a year ago, they can… Glencore is being advised by Citigroup, Morgan Stanley, Credit Suisse and BNP Paribas. A quarter of a century later, Glencore has culminated its transformation with its merger with Xstrata, the mining company. Glencore-Entrepreneurialismfullypriced - Free download as PDF File (. , JPMorgan Chase & Co. Construction and civil engineering : WSP Global : CCCC, China Railway Group, China Railway Construction : ACS Group, Acciona, FCC, Grupo Ferrovial : Orascom Construction Industries The bid may spur Vale into action, said mining analysts Nick Hatch at ING Groep in London and Paul Cliff at Nomura Securities. 5p to 2830. 05 new shares for every Xstrata share it does not already own, up from 2. The Australian’s John Durie is a little confused about some of the details of the merger discussion between Glencore International and Xstrata, for a new theory from Nomura chief Glencore, Xstrata tie-up would create $90 billion giant By Aaron Smith @CNNMoneyInvest February 10, 2012: 11:49 AM ET. 9% to lead the index. Those batting for Xstrata are Deutsche Bank, JPMorgan, Goldman Sachs, Nomura and Barclays, which belatedly clambered aboard. Xstrata's financial advisers on the deal are Deutsche Bank AG, Goldman Sachs & Co. de 2015 In the reactivation of mining Glencore Xstrata Tintaya, a management audit was conducted safety and ABB was awarded to meet the highest standards of safety and environmental impact on servicing Maintenance and Commissioning of rotating electrical machines. Whatever the two decide, investors will take some convincing that the pair will still be snuggled up come Valentine’s Day 2013. B), Newmont Mining Corp (NYS:NEM), private equity firm Blackstone Group LP (NYS:BX) and a firm led by the former head of Barrick Gold (TOR:ABX) are working together on a bid for Glencore Xstrata's (LSE:GLEN) Las Bambas copper mine in Peru, according to several people familiar with the matter. Xstrata is being advised by Goldman Sachs Group Inc. Reuters. Neither company has announced a date for the re-scheduled shareholder meetings. The $65bn mega-merger between commodities giant Glencore and miner Xstrata is close to collapse after Qatar’s sovereign wealth fund said it was unhappy with At Nomura, Mr. 9 billion dollar merger with Glencore, the largest M&A transaction ever in the mining industry. 1p. Clinton said later that he regretted the move, which "wasn't worth the damage to my reputation. 95 and Glencore Xstrata down 2. By merging with Xstrata, Glencore would enhance its position in emerging markets like Africa, Kazakhstan and South America. Programme Programme; Board oversight and governance Board oversight and governance; Key risks Key risks; Training and awareness Training and awareness; Speaking openly and raising concerns Speaking openly and raising concerns And if Glencore did offer cash to Rio Tinto, Glencore's debt level would be even more stretched, said Nomura. David Wormsley at Citigroup and Thomas Gottstein at Credit Suisse have Glencore Xstrata-Wonderkop Plant is one of the popular Engineering Service located in ,Rustenburg listed under Local business in Rustenburg , Glencore is working with Citigroup Inc. 72bn IPO Xstrata Glencore, $90bn joint financial advisor So if you are a leading mining investment banker and you missed it, you had better come up with a good excuse. 5-per-cent stake, would make "a lot of sense" but said there were currently no firm discussions At the time, Glencore Xstrata said Hayward would return to his role as a senior independent director once a chairman was found. 5p to 989. Ryan has 4 jobs listed on their profile. 82p. Nomura recently began covering Glencore giving the stock a ‘reduce’ rating, with a price target of 550p. ) chief executive's comeback from the worst Target: 65. 82 while Anglo American added 97. (C), according to people familiar with the matter. In further proof that ex-politicians are popular at bankers, the Sunday Times also pointed out that despite cost-cutting Sir Andrew Cahn, the former head of UK Trade & Investment, is still a vice The 2013 acquisition of Xstrata—the London-listed miner in which Glencore held a minority stake—represented a different scale of challenge. Glencore, which listed in part to gain fire power for larger acquisitions, has been seen as a potential catalyst for the return of large-scale deals to the sector, not least with the takeover of Xstrata, in which it owns 34. 25p, Anglo American rising 18p to 1539. , JPMorgan Chase & Co. It’s only February and it appears Glencore International and Xstrata have announced the merger and acquisition mega-deal of the year. Glencore and Xstrata, always viewed as close, tapped the same adviser to help broker their merger. Glencore-Entrepreneurialismfullypriced In a research note published in May, Nomura analysts put the end-2014 value at about $6. It represented a 15. Deutsche Bank, JP Morgan, Goldman Sachs and Nomura are advising Xstrata. Vereker advised Brazil's Vale on its failed attempt to buy Xstrata in 2008, when he was with Glencore is being advised by Citigroup, Morgan Stanley, Credit Suisse and BNP Paribas. The commodities trader also rose in Hong Kong before the The blockbuster Glencore-Xstrata deal inches toward completion, as the latter's board has recommended the former's sweetened terms, including an onerous bonus package for executives worth more Glencore is being advised by Citigroup, Morgan Stanley, Credit Suisse and BNP Paribas. It was no secret that Vereker was positioning himself – or was being positioned – near the exit door at Nomura. The planned multi-billion pound merger of Glencore and Xstrata has been blasted by one of the most influential shareholder advisory groups. 167,516 likes · 1,601 talking about this. Hence many smaller / sporadic traders are now involved. 5p and Glencore Xstrata is down 4. Glencore clinches China approval with copper deal. See the complete profile on LinkedIn and discover Graham’s connections and jobs at similar companies. Hayward, who is also chief executive of London-listed oil company Genel Energy Plc, has been Glencore Xstrata's interim chairman Thomson Reuters reports that Glencore’s acqusition of Xstrata is the largest ever M&A deal in the materials sector, and ranks nineth in the top ten biggest deals in Europe on record. Between April, 2009 and March, 2010 – the first year Nomura’s U. The mining giant Xstrata confirmed yesterday that it has approached its rival Anglo American about a potential £41bn merger. At the time, Glencore Xstrata said Hayward would return to his role as a senior independent director once a chairman was found. Michael Klein, a former chairman of investment banking at Citigroup, helped broker the deal by serving as a “strategic consultant” to both sides. Now merged with a Swiss mining group into Glencore Xstrata, the group is today one of the biggest commodities companies in the world. Footnote (1) In October 2012, UBS reorganized its Investment Bank around two core client segments – Corporate Client Solutions (CCS) and Investor Client Services (ICS). Swiss company Glencore is in the process of acquiring Xstrata, shown here at The Independent: Glencore Xstrata was forced to slash the value of its assets by $8. 9 billion. Glencore is one of the world’s largest global diversified natural resource companies and is one of the biggest companies within the FTSE 100 Index. A tie-up between two of the world's biggest natural resources groups According to Nomura analysts, Xstrata trades for just 0. xstrata glencore nomura


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