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  • Share buybacks facilitated
  • In a sign of further consolidation in the Italian market, Toffoletto has agreed to merge with Negri-Clementi, Montironi & Soci. Turin-based firm Ganna & Asociati will also join the new firm, to be called Negri Clementi, Toffoletto, Montironi & Soci. The firms signed agreements at the end of June but the merger will not be effective until January 1 2000
  • Privatization of the electricity sector is resumed
  • The EU’s Finality Directive is designed to provide greater legal certainty following the introduction of the euro. Richard Potok of Potok & Co, London, looks at the progress of the implementation of Article 9(2) of the Directive throughout the Union.
  • Ashurst Morris Crisp is advising Deutsche Telekom on the acquisition of the UK's fourth largest mobile telephone operator, One2One. The deal is worth £8.4 billion ($13.5 billion) comprising £6.9 billion in cash and £1.5 billion in assumed debt, the largest cash acquisition by a German company.
  • Houthoff Buruma Amsterdam
  • Studio Legale Beltramo Rome
  • Belser Altorfer & Partner Zurich
  • Milbank, Tweed, Hadley & McCloy has been advising the consortium led by Deutsche Bank, which provided the $1.08 billion financing for the Madero oil refinery project in Mexico. The deal reached financial close in August.
  • Colombia