Quarrel over X5 mandate persists
Arguments over the mandate on the $1.5bn loan for Russian supermarket group X5 continue to plague the deal, a week after ABN Amro and WestLB walked away from it. Allegations that tight pricing is behind the problems has been denied by banks still involved with the facility, but as yet the structure and outcome of the deal remain unclear. Read EuroWeek on Friday for the full story on X5’s loan.
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