Deutsche gets a deal pipeline

Long one of DeutscheƆs Achilles heels, the company is finally winning top mandates in China.
In something of a landmark for Deutsches China franchise, the firm has been selected as PetroChinas financial advisor for its East-West gas pipeline project.

The $15 billion mega-project which will be longer than the Great Wall of China will bring gas from Chinas less economically successful Western provinces to the rich, industrialized coastal regions around Shanghai.

While PetroChina has announced that it will raise a twelfth of the funding from the domestic A share market, the remainder will have to be financed through loans, bonds and equity participation from a foreign partner and international investors.

Deutsches role will initially be to aid in the selection of a foreign...

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