EuroWeek View: Was BHP’s blocked bid a one-off?

Bankers had better hope that protectionism is not here to stay. BHP Billiton’s banks had their worst fears confirmed on Monday when the company aborted its $39bn bid for PotashCorp. But rivals will hardly be gloating. Instead, they will hope that the Canadian government’s decision to block a foreign takeover will not be copied by other governments.

  • 17 Nov 2010
Anglo-Australian miner BHP Billiton on Monday confirmed that its $39bn bid for Potash Corp of Saskatchewan was off after it failed to convince the Canadian government that the deal would be of “net benefit” to the country.
The announcement dealt a serious blow to the capital markets. BHP had ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 110,142.00 315 13.01%
2 Bank of America Merrill Lynch 95,965.47 280 11.34%
3 Wells Fargo Securities 81,461.44 248 9.63%
4 JPMorgan 58,998.35 186 6.97%
5 Credit Suisse 44,382.59 136 5.24%