2012/02/05

334-Glencore and Xstrata turn to City dealmaker



One of the world’s most high-profile dealmakers helped to broker talks between Ivan Glasenberg and Mick Davis that paved the way for the possible $88bn merger between Glencore and Xstrata .
Michael Klein, who exited the banking industry in 2008 when he resigned from the role of Citigroup’s head of investment banking, helped mediate between the two veteran chief executives by acting as an independent go-between, three people familiar with the deal talks said. “He was an honest broker,” one of the people said.

http://www.ft.com/intl/cms/s/0/15de6adc-4e7a-11e1-aa0b-00144feabdc0.html#axzz1lVKWrlf8



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