Hannam’s Xstrata swan song shows the value of loyalty

14 Dec 2012

Glencore’s $45.8bn acquisition of Xstrata, the biggest takeover of the year, proved the value of strong long-term relationships at a time when the world order in investment banking is changing, writes David Rothnie.

A look at the roll call of bankers involved in the biggest takeover of 2012 proves the old adage that, for all the upheaval at big banks, long-term relationships are still the ones that pay.

When Glencore International and Xstrata clear the final hurdle for their $45.8bn merger — ...

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