Citigroup
When Norilsk Nickel of Russia wanted to buy a 20% stake in Gold Fields of South Africa from Anglo American and needed to raise $800 million at short notice, it got help from an unexpected quarter: the bank that was advising the seller, Citigroup. Citigroup had identified Norilsk to Anglo as a potential buyer of the $1.2 billion stake and, after asking permission from its client to approach the Russian company to offer help in arranging finance, rushed to raise the loan to fund the purchase in a matter of days.
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