George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
https://twitter.com/astonx007/status/1401888984113025025?s=21
https://twitter.com/gmf782/status/1401838491185651714?s=21
Also a fellow reinsurance market worker here - my office is on Lime Street and can't wait to get back into the market for a few cold ones. Still a while until I'll be heading back into the City but enjoy your day tomorrow!
I think everyone knows that DLA and UBS are top drawer and serious players. They are not here for fun and games, and imho the fact we have not sold is not in the slightest bit reflective of their capability, but more so the size and the complexity of this deal. I'm not sure if your post was seriously trying to discredit these top firms, but nonetheless you should know we are in very safe hands here.
There are estimated timescales for M&A's which have been posted in here regularly recently, specifically the period of 4-8 weeks for moving from non-binding to binding which is particularly relevant at this stage.
Only the parties involved, including the banks and DLA Piper, will know where on the timeline this currently sits.