A really big deal.
Goldman Sachs is within striking distance of working on $1tril in M&A transactions globally this year after picking up a string of mandates in Europe over the past days. That’s a milestone that Goldman – or any other bank — hasn’t passed in a calendar year since 2007.
The Wall Street Journal reports that after last week picking up mandates on $100bn of deals in the U.S. — working on oil services company Halliburton’s agreement to buy industry peer Baker Hughes and Actavis’s deal to purchase Botox maker Allergan – this week “Merger Monday” came to Europe and Goldman repeated the feat of being named as adviser on all the headline transactions.
The bank is advising BT Group on preliminary discussions to acquire Telefónica’s U.K. mobile business, O2, according to people familiar with the matter. No value has been put on any deal but analysts value O2 at around $14bn.
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