Financial Times: Mongolia – battle for mega-deal begins

It’s one of the hottest prizes in investment banking in Asia this year: the initial public offering of Erdenes Tavan Tolgoi, a Mongolian state company that owns a vast coal deposit in the Gobi Desert. On Thursday the Mongolian government starts formal interviews with many of the 18 banks – including Goldman Sachs, UBS and Deutsche Bank – that are fighting for a role in the IPO expected to take place in Hong Kong or London in 2012. To read the full article, click hereMongolia – battle for mega-deal begins

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