April 2003
Investment Dealers' Digest;4/28/2003, Vol. 69 Issue 17, p36
Trade Publication
This article presents information about developments in the investment banking sector of the U.S. as of April 28, 2003. Yukos, Russia's second-largest oil producer, will acquire Sibneft, creating a new Russian superpower named YukosSibneft, which will become the fourth-largest oil company in the world. Private equity firm Bain Capital Inc. is partnering with Tenaska Inc., one of the largest private power-companies in the U.S., in a joint venture that will target emerging power-generation opportunities, including some possible M &.A activities. Tenaska runs 15 power plants in both the U.S. and Canada. OPEC member countries surprised the market in April 28, 2003 when they agreed to raise official output limits, effectively removing two billion barrels of oil a day from the market, and hinted that they would reduce supply further in the future.


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