Bankers eye retail mandates.

Financial News, April, 2003

Byline: Janine Brewis

Investment bankers specialising in the retail sector are studying the M&A advisory league tables closely as some of the biggest names barely feature and others are riding high as long-term relationships bear fruit.Citigroup and HSBC sit in first and second place respectively in the European retail M&A league tables from the beginning of last year to date, with ABN Amro and Merrill Lynch close behind. Bulge-bracket firms such as Morgan Stanley and Goldman Sachs, however, are 13th and ninth respectively.

ABN Amro is advising William Morrison, the UK supermarkets group, on its pound sterling2.5bn ([euro]3.6bn) bid for rival Safeway. It is unusual for the Dutch bank to advise on such a large deal but Hoare Govett, its broking...

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