Personnel Move Shows Bank of America Beefing Up Chemical Focus in Germany
May 31 2016 - 11:58AM
Dow Jones News
By Eyk Henning
FRANKFURT--Bank of America Corp. (BAC) has named Marc-Olivier
Regulla as co-head of investment banking operations in Germany,
Austria and Switzerland, according to an internal memo, bolstering
regional coverage of chemical companies at a time when the bank is
advising Bayer AG on its effort to acquire Monsanto Corp.
Previously based in London, Mr. Regulla has covered chemical and
steel companies, including large industry players in the
German-speaking region.
Bank of America is among the advisers--along with Credit Suisse
AG and Rothschild--counselling Bayer on its takeover attempt of
seed specialist Monsanto. Monsanto rejected Bayer's first offer of
$122 per share, or $62 billion in total, as too low.
The deal, which could become the largest acquisition by a German
company, would be one of a number of large Germany-focused
transactions in which Bank of America has acted as adviser. The
U.S. lender in 2014 advised Bayer on the $14.2 billion acquisition
of Merck & Co.'s consumer unit and has recently been retained
by Deutsche Boerse AG for its planned $30 billion tie-up with
London Stock Exchange Group PLC.
Mr. Regulla's appointment adds to Bank of America's recent hires
in Frankfurt, including Georg Hansel, an equity capital markets
banker from Deutsche Bank AG.
Write to Eyk Henning at eyk.henning@wsj.com
(END) Dow Jones Newswires
May 31, 2016 11:43 ET (15:43 GMT)
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