By FDI Creative Services on 08/17/2016
Category: Security News

Banks miss out as Chinese firms do DIY deal advice

HONG KONG (Reuters) - When ride-hailing firm Didi Chuxing agreed to buy Uber Technologies Inc's China unit this month, creating a $35 billion business, both firms used in-house advisory teams, meaning the investment banks that normally advise on these deals missed out on an estimated $60 million in fees.

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