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Lazard squares up to Merrill on Bosch and Bilfinger deal

Lazard, which last year hired Merrill Lynch's top two investment bankers in Germany, is on the opposite side to the US bank on its latest German deal, a €551m ($588m) disposal.

Lazard is advising Bilfinger Berger, the German construction group, on the sale of a 30.02% stake in Buderus, a heating company. Merrill is advising Robert Bosch, the German automotive parts group set to acquire the stake. Robert Bosch also plans to make a public offer to buy the remaining Buderus shares.

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