Michael Klein , Citigroup Inc.’s former investment banking chairman, said he was paid $10 million to advise Barclays Plc on its purchase of Lehman Brothers Holdings Inc. ’s brokerage business in the 2008 credit crisis.
Michael Klein will seek next week to buy as much as 28 percent of Via Varejo SA for more than 2 billion reais ($980 million), newspaper Estado de Sao Paulo reported, without saying how it obtained the information.
Michael Klein, former Citigroup Inc. head of investment banking, helped to broker merger discussions between Glencore International Plc and Xstrata Plc, the Financial Times reported, citing people familiar with the talks.
Solazyme Inc. reached its highest price since April 16 on expectations that the company will meet its planned targets in a joint venture with Bunge Ltd. to build a facility in Brazil capable of producing 100,000 metric tons of oil from sugar.
Xstrata Plc and Glencore International Plc enlisted 18 senior bankers, from firms that advised both companies through a decade of deals, to seal their agreement to create a $90 billion mining and commodity-trading powerhouse.
The night before appliance retailer Casas Bahia opened in Rio de Janeiro’s largest slum, resident Joana Darc de Morandi couldn’t sleep. Shopping list in hand, she was first in line seven hours before some 200 people began streaming through the store’s front door.