IPO hopeful Glencore worth $60bn, top analyst says
LONDON, Jan 26 (Reuters) – Glencore, the world’s biggest
commodities trader, has enjoyed a surge in value and is now
worth some $60 billion as it contemplates an initial public
offering (IPO), according to leading team of mining analysts.
That value placed on it by Liberum Capital would place it
among the 15 biggest FTSE-listed companies if it were to secure
a London listing. Barclays Plc, ranked 15th in the FTSE 100, has
a market capitalisation of about 36.3 billion pounds ($57.4
billion).
IPO hopeful Glencore worth $60 billion, top analyst says
LONDON (Reuters) – Glencore GLEN.UL, the world’s biggest commodities trader, has enjoyed a surge in value and is now worth some $60 billion as it contemplates an initial public offering (IPO), according to leading team of mining analysts.
That value placed on it by Liberum Capital would place it among the 15 biggest FTSE-listed companies if it were to secure a London listing. Barclays Plc (BARC.L: Quote, Profile, Research, Stock Buzz), ranked 15th in the FTSE 100 .FTSE, has a market capitalization of about 36.3 billion pounds ($57.4 billion).
M.Stanley picks new top resources bankers -sources
LONDON, Jan 26 (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) has hired
an experienced oil banker from Lazard (LAZ.N: Quote, Profile, Research, Stock Buzz) in London and
transferred a senior mining banker from New York, as it moves to
rebuild its European presence in the lucrative natural resources
field.
People familiar with the matter said the bank hired David
Kotler, a managing director who had spent 21 years at Lazard.
Mobile marketer TIM w.e. eyes U.S. listing: sources
LONDON/NEW YORK (Reuters) – TIM w.e., a Portuguese mobile and digital marketing company, is planning to list on New York’s Nasdaq, three people familiar with the matter said on Thursday.
TIM w.e. has hired Credit Suisse as its lead adviser on the initial public offering, two of the people said, although it is likely to add other banks later.
Creeping takeovers stalk European M&A
LONDON (Reuters) – A string of stake buys and takeover bids has shown how merger rules in the euro zone’s two biggest economies can be used to gain control of a target quietly or on the cheap.
Tactics employed by buyers such as Deutsche Bank AG (DBKGn.DE: Quote, Profile, Research, Stock Buzz), Spanish builder ACS, and France’s richest man, Bernard Arnault, illustrate what critics say are shortcomings in German and French merger rules.
Oaktree selling vodka-maker Stock Spirits: sources
LONDON (Reuters) – Oaktree Capital Management will this month begin an auction of Stock Spirits, a $1 billion-plus central European drinks company, two people familiar with the matter said.
The sale of Stock Spirits, whose drinks range from high-end Polish vodka Czysta de Luxe to Czech plum brandy, could interest both private equity firms and rival drinks companies.
CVC to buy health firm Capio’s Spanish unit
LONDON (Reuters) – CVC has agreed to buy Spain’s biggest private healthcare firm from Capio, the European hospital group owned by rival buyout firms Apax and Nordic Capital, people familiar with the matter said on Thursday.
The sale of the Capio Sanidad unit is likely to close later this month, following regulatory approvals, and will give the unit an enterprise value of about 900 million euros (756 million pounds), one of the people said.
CVC to buy health firm Capio’s Spanish unit -sources
LONDON, Jan 6 (Reuters) – CVC has agreed to buy Spain’s
biggest private healthcare firm from Capio, the European
hospital group owned by rival buyout firms Apax and Nordic
Capital, people familiar with the matter said on Thursday.
The sale of the Capio Sanidad unit is likely to close later
this month, following regulatory approvals, and will give the
unit an enterprise value of about 900 million euros ($1.2
billion), one of the people said.
M&A tops $2.2 trillion in first yearly rise since 2007
LONDON/HONG KONG (Reuters) – Mergers and acquisitions rose for the first year since 2007, potentially marking the start of a new, multiyear M&A cycle in which emerging economies account for a bigger share of global dealmaking.
Thomson Reuters data showed announced M&A grew nearly a fifth this year, to $2.25 trillion globally. The preliminary figures show emerging markets made up a record 17 percent of transactions, and energy was the busiest sector.
M&A tops $2.2 trln in first yearly rise since 2007
LONDON/HONG KONG, Dec 16 (Reuters) – Mergers and
acquisitions rose for the first year since 2007, potentially
marking the start of a new, multiyear M&A cycle in which
emerging economies account for a bigger share of global
dealmaking.
Thomson Reuters data showed announced M&A grew nearly a
fifth this year, to $2.25 trillion globally. The preliminary
figures show emerging markets made up a record 17 percent of
transactions, and energy was the busiest sector.

