Deals
Deutsche Bank Is Only Thing Missing From Germany’s Biggest Deal
- Bank said not to advise on, finance Bayer’s Monsanto bid
- Deutsche Bank slumped to no. 6 in deals involving German firms
Shareholders arrive at Deutsche Bank's annual shareholder meeting on May 21, 2015 in Frankfurt, Germany.
Photographer: Thomas Lohnes/Getty imagesThis article is for subscribers only.
Deutsche Bank AG, traditionally the go-to lender in Europe’s largest economy, is the most notable absentee in the year’s largest takeover.
Germany’s biggest lender missed out on the advisory and top-tier financing roles on Bayer AG’s $62 billion bid for Monsanto Co., according to people with knowledge of the matter. The company chose to advise rival German chemicals giant BASF SE, which has studied but so far sat out the biggest-ever consolidation wave in the global crop chemicals and seeds industry, the people said.