Steel deal attracts record 17 banks

A record 17 investment banks are advising on Mittal Group's €16.8bn ($20bn) hostile offer for rival Arcelor – more than on any previous European mergers and acquisitions deal.

Dresdner Kleinwort Wasserstein, Lehman Brothers and Rothschild are the only big-name banks not on the deal, the largest in Europe this year.

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