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CSFB strikes black gold with largest French deal

Credit Suisse First Boston has landed the largest French deal this year by advising Coflexip Stena Offshore Group, the French oil services company, on its €3.5bn (€3.1bn) sale to a minority shareholder.

Coflexip's takeover by Technip, the French oil refinery business, will be a welcome boost to CSFB's French profile which has been shaded by the success of Goldman Sachs, Morgan Stanley, Rothschild and Lazard in the region.

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