Business Daily from THE HINDU group of publications
Wednesday, Dec 19, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Dec 19, 2007 ePaper | Mobile/PDA Version |
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Markets
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Financial Services Corporate - Mergers & Acquisitions Our Bureau
Mumbai, Dec. 18 Société Générale Corporate & Investment Banking and Ambit, an independent Indian Investment Bank, signed a co-operation agreement to offer advisory services to their respective European and Indian clients in the field of cross border M&A transactions. The partnership will enable Société Générale to propose acquisition opportunities to its Indian client base, together with advisory services to assist in the negotiation and structuring of the transaction, said a statement from Ambit. Société Générale has its M&A teams located in both the US and Europe. It will also give the overseas investment bank the opportunity to become Ambit’s partner of choice for European transactions. In turn, the partnership with Société Générale will provide Ambit with a platform to identify, introduce and execute transactions for its clients in the European market. “The agreement sets a principle of exclusivity for cross order M&A transactions between Europe and India and defines a framework of joint marketing efforts and execution of assignments between the two partners,” said the statement. More Stories on : Financial Services | Mergers & Acquisitions | Consulting
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