All-star Vallares launches with support
Vallares, the second Nat Rothschild cash shell and third in the same Credit Suisse-designed structure, launched a £1bn offer on Thursday in a deal that has already brought in investor support. The company has an all-star cast of founders, directors and management led by chief executive Tony Hayward.
CS is global co-ordinator and joint bookrunner along with JP Morgan while Evolution Securities is co-lead manager.
The success of Vallar, last summers £700m Nat Rothschild cash shell, in quickly executing a business combination with Indonesian coal miner Bumi has proved the structure which has not been changed, said
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