Deals
Michael Klein Strikes Gold From Canada to Saudi Arabia
- Ex-Citigroup banker is advising Barrick on Newmont deal
- Klein has advised Dow Chemical, Saudi wealth fund among others
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From breaking into an elite cabal of Saudi Arabian advisers, to being called to work on what could be one of the largest-ever mining takeovers, Michael Klein is making his mark as one of the world’s top dealmakers.
The former star Citigroup Inc. investment banker is advising Barrick Gold Corp. on its hostile $17.8 billion offer for Newmont Mining Corp. in a deal that would create world’s largest gold producer. The only other bank working with Barrick on the transaction is an arm of Canadian Imperial Bank of Commerce, meaning Klein won’t have to share his fees with other large U.S. or European investment banks.