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Citi is first in M&A.

 

Athens, March 16, 2009.

Citi was ranked 1st in M&A in EMEA for the first months of 2009, according to research of Thomson Reuters. Moreover, Citi was also ranked in the top 3 firms at a global level.

More specifically, the 5 biggest deals in which Citi had advisory credit were European. Citigroup advised the U.K. government on two rights offerings valued at $27 billion that contributed to the nationalization of the Royal Bank of Scotland Group. It also advised Spanish power producer Endesa on its $14.2 billion acquisition by Italy’s Enel and the Dutch power company Essent on its $12.4billion acquisition by Germany’s RWE. The biggest deal of all was advising Pfizer on the takeover of Wyeth of $68billion.

Citi in Europe and globally has participated in a smaller number of M&A transactions but of a higher value, which ranked the company first in these categories, without necessarily having a lending position with the specific companies. It is important to notice that the deal pie has

shrank 20% from the same time in 2008, while Citi’s position has significantly improved, as last year it was in the 5th place.

Indicative headlines from international media report:

1) WSJ Deal Journal: Citigroup’s Troubles Don’t Distract Its Investment Bankers
2) DealBook - In M&A, at Least, Citi Is on Top
3) BusinessWeek: Citi: No. 1 Dealmaker
4) Financial News Online: Citigroup tops M&A league tables despite woes
5) Dow Jones: Fingers Crossed: Cap Mkts Ops Improve At Citi, Other Banks (Feb 25)

All articles are the copyrighted property of their respective publication.

EMEA Target Announced M&A Ranking

Advisor

Value ($mil)

Rank

Share

Deals

Citi

62.118,1

1

54,4

9

Deutsche Bank AG

61.359,1

2

53,7

12

Morgan Stanley

41.448,4

3

36,3

16

Source: Thomson Reuters

 

 

 

 
 
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