Eight advisers on Japanese steel merger, but no Nomura

Nippon Steel and Sumitomo Metal, two of Japan’s biggest steelmakers, have hired an army of investment banks to advise on their merger, but couldn’t find a seat for Nomura.
March 03, 2011

The rumoured list of financial advisers that will sit around the table for Japan’s blockbuster merger between Nippon Steel and Sumitomo Metal Industries has raised a few eyebrows in Tokyo. Not just because there are so many banks involved, but also because there is one that isn’t: Nomura.

¬ Haymarket Media Limited. All rights reserved.

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