Erdenes hires two more but waits for 2013
Erdenes Tavan Tolgoi, the Mongolian coal mining firm, has added two banks to the four already-mandated joint bookrunners for its planned $3bn London, Hong Kong and Ulan Bator IPO, but the deal is now not likely for up to a year.
Barclays and Jefferies have been added to the syndicate. BNP Paribas, Deutsche Bank, Goldman Sachs and Macquarie were already mandated. Deutsche and Goldman are joint global co-ordinators.
Once planned as an early 2012 deal, the timing has been pushed back to the first quarter of 2013, chief executive Baasangombo
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