Jumbo loan dissolves as E.On loses Endesa, Enel deal expected

German utility group E.On’s epic struggle to take over Endesa, the Spanish power company, ended in defeat this week, after rivals Enel of Italy and Spain’s Acciona spoilt its plans by amassing a 46% stake.

  • 05 Apr 2007

E.On will no longer need to draw last year’s record-breaking Eu37.5bn syndicated loan, meaning the arranging banks will lose out on most of the fees they stood to make.

The world’s biggest syndicated loan was arranged by BNP Paribas, Citigroup, Deutsche Bank, HSBC, JP Morgan and the Royal Bank ...

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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

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4 JPMorgan 69,240.12 209 7.37%
5 Credit Suisse 51,378.45 156 5.47%