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At a glance: Deal type: Acquisition of HVB by UniCredit – €15.4 billion stock-funded deal (excluding offers for HVB subsidiaries Bank Austria and Bank BPH) Advisers: (For seller) Citigroup, JPMorgan; (for acquirer) Merrill Lynch, Goldman Sachs Date: Announced June 2005, closed November 2005 |
There were many bold and audacious cross-border M&A propositions in 2005, some of which didn’t quite come off. Chinese oil company CNOOC’s $18.5 billion bid for Unocal of the US is a prime example. Had that deal not been scuppered, partly by US political and national security concerns, it would have been by far the largest foreign acquisition to date by a Chinese company.
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