A detailed breakdown of how four banks are putting together a record €33.5bn ($40bn) loan to help fund the €29bn all-cash bid by German utility E.On for Spanish rival Endesa was disclosed to Financial News today.
According to sources close to the deal, HSBC, which is sole mergers and acquisitions adviser to E.On, is providing €12.5bn; Citigroup and JP Morgan, €8bn each; and Deutsche Bank, about €5bn.
