By Eyk Henning
FRANKFURT--Bank of America Corp. (BAC) has named Marc-Olivier Regulla as co-head of investment banking operations in Germany, Austria and Switzerland, according to an internal memo, bolstering regional coverage of chemical companies at a time when the bank is advising Bayer AG on its effort to acquire Monsanto Corp.
Previously based in London, Mr. Regulla has covered chemical and steel companies, including large industry players in the German-speaking region.
Bank of America is among the advisers--along with Credit Suisse AG and Rothschild--counselling Bayer on its takeover attempt of seed specialist Monsanto. Monsanto rejected Bayer's first offer of $122 per share, or $62 billion in total, as too low.
The deal, which could become the largest acquisition by a German company, would be one of a number of large Germany-focused transactions in which Bank of America has acted as adviser. The U.S. lender in 2014 advised Bayer on the $14.2 billion acquisition of Merck & Co.'s consumer unit and has recently been retained by Deutsche Boerse AG for its planned $30 billion tie-up with London Stock Exchange Group PLC.
Mr. Regulla's appointment adds to Bank of America's recent hires in Frankfurt, including Georg Hansel, an equity capital markets banker from Deutsche Bank AG.
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