US banks capture Frankfurt airport deal

JP Morgan and Morgan Stanley have won the mandate to manage the German government's €700m ($847m) sale of its entire 18.2% stake in Frankfurt airport operator, Fraport.

Dresdner Kleinwort Wasserstein, which ran Fraport's initial public offering with Morgan Stanley in 2001, was also invited to bid, but was not selected.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump