Mark "The Kleinmanator" Kleinman of Sky News has been on a bit of roll in recent weeks (although not sure he can claim the bragging rights for the Banco de Sabadell takeover bid story - wink wink) so I thought it might be worth pointing out some of the most interesting nuggests from this week's City AM column...
Apologies loyal readers. It seems Betaville might have got slightly the wrong end of the stick when noting the Australian Financial Review's piece about the Glencore / Rio Tinto merger talk.
It would appear the AFR's Street Talk column is in fact suggesting Rio Tinto is looking at taking a run at Glencore and combination is more likely to lead to an £80 billion market capitalisation company. Below is the link to the AFR's piece:..
Tongues are wagging down under about the prospect of Ivan Glasenberg taking another run at Rio Tinto.
The Australian Financial Review has led the well-respected Street Talk column with the merger rumour after Glencore boss Ivan Glasenberg and Steve Kamlin, the company's CFO, recently travelled to Australia. Below is a the link to the recent AFR piece:..
I see The Kleinmanator of Sky News today ran a story about how Rio Tinto had dumped its longstanding broker Credit Suisse and replaced the Swiss institution with Deutsche Bank.
The core facts of Kleinman's "exclusive" story are eerily similar to a piece I did a week or so ago on little old Betaville. Here is the link:..
Another delicious lunch has just yielded another story about a corporate broking pitch in the offing.
This time it's Rio Tinto, the FTSE 100-listed mining giant, that has been making corporate brokers, including the incumbents, pitch for the mandate to be the company's 'eyes and ears' in the market...