ABN loses Star mandate

In its quest for fees, ABN Amro may have lost the follow-on business that should have come from its advisory role to Star Cruises'' acquisition of Norwegian Cruise Lines.

The tussle for the follow-on business from Star Cruises' acquisition of Norwegian Cruise Lines has taken an interesting turn. The $1.8 billion acquisition was advised by ABN Amro, which offered a bridge loan to finance the transaction. The assumption was that ABN would then do the follow-on business û a syndicated loan and a new equity offering. Maybe not, it seems.

ThereÆs a lot of talk these days about synergies and financial supermarkets. The idea is to offer clients...

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