IFLR Search

City of Krakow issues first Polish eurobond

US law firm Weil Gotshal & Manges is advising the City of Krakow on its Dm66 million ($40 million) eurobond issue. The deal, which was challenging to structure because of the Polish authorization procedure, has raised hopes in the market.

January 01 1999

Surviving Russias meltdown

Brenda Horrigan and Theodore Matheny of Salans Hertzfeld & Heilbronn examine the background to the crisis and suggest solutions to regenerate the securities market and banking sector

January 01 1999

Advisers on the Channel Tunnel Rail Link Eurobond

The British government and London & Continental Railways (LCR) have announced the advisers for the planned financing of the first stage of the Channel Tunnel Rail Link (IFLR December 1998). HSBC and Warburg Dillon Read have been appointed as joint lead managers and arrangers on next year’s Eurobond offering, which is expected to raise £2.65 billion ($4.45 billion). Deputy Prime Minister John Prescott says: “These appointments are a significant milestone in the financing of this exciting project.”

January 01 1999

The DaimlerChrysler revolution

When DaimlerChrysler’s stock began to trade on the NYSE in mid-November, a quiet revolution began for foreign equity securities trading in the US. By Nicholas DS Brumm of Cravath, Swaine & Moore, New York*

January 01 1999

Singapore

Asia PacificCompanies Act amended

January 01 1999

$70 billion Astra and Zeneca merger

On December 9 pharmaceutical groups Astra of Sweden and Zeneca of the UK announced that they are merging in a deal which will create Europe’s largest pharmaceutical group with a market capitalization of $70 billion. The deal is Europe’s largest ever merger.

January 01 1999

Tyco buys AMP for $11.3 billion

The industrial conglomerate Tyco has announced that it is to acquire AMP in an all-stock deal. The offer has rescued the Harrisburg, Pennsylvania-based electrical equipment manufacturer from the hostile takeover attempt by AlliedSignal announced in the summer. Tyco’s offer tops AlliedSignal’s cash bid by $1.6 billion.

January 01 1999

Inside-White & Case in merger talks with Brown & Wood

"We are in conversations with Brown & Wood, looking towards a merger," says James Hurlock, chair of the management committee of New York firm White & Case. Talks began in late October, and the firms hope to have an agreement, if the discussions progress satisfactorily, by the end of February. A merger would create the world's fifth largest law firm.

January 01 1999

Profile-Thomas Bischof

Thomas Bischof, general counsel of the finance department at Swisscom, Berne, talks to Stephen Mulrenan

January 01 1999

New investment opportunities in German energy

The German government has been formulating plans for energy reform since early 1996 and a new energy bill has finally been completed. By Jan Byok of Wessing

January 01 1999

Search results for