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Opinion: JFE's Indian investment is an astute move

July 27, 2010  

From Aaron Pan

JFE Holdings announced today (July 27) it was buying a stake in India’s JSW Steel for US$1 billion. The move could prove to be a shrewd and astute investment by Japan’s second-largest steelmaker.

JFE Holdings’ US$1 billion investment into Indian ally JSW Steel in return for a 14.99% stake could prove to be an astute piece of business by the Japanese company.

The strategic purchase is one of India’s largest ever...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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