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 every range of service and collect a fee every step of the way. In this case, ABN Amro said it wanted to arrange the $600 million loan and secure it against the companyÆs ships. Star,...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222