Tue, Nov 30, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | M&A, Metals and Minerals more

Citi says counter-cyclical mining M&A only for the brave

Posted on 06 July 2015

Citi’s metals and mining team has poured cold water on any chance that the big miners may embark on a counter-cyclical merger and acquisition spree, saying deals may be restricted to the mid-tier sector. In a note to clients on Monday morning, Citi said subdued metal prices and weak share prices had left investors wondering whether the sector was set for another M&A cycle.
“We are skeptical,” the analysts told clients. “We do not anticipate a return of large-cap M&A – substantial impairments and increased shareholder pressure for returns are preventing current management from acting and are likely to lead to further divestments (’births’), in our view. ……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
November 2021
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930