Cross-border mega deals 'almost disappeared' in Q1 as global activity slumps: Report

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SINGAPORE - A global slowdown in mergers and acquisitions (M&A) activity in the first quarter of 2019 was precipitated by great market volatility, US-China tensions, Brexit anxiety and strengthening economic headwinds, deal intelligence service Mergermarket said in a report on Wednesday (April 3).. Read more at straitstimes.com.

SINGAPORE - A global slowdown in mergers and acquisitions activity in the first quarter of 2019 was precipitated by great market volatility, US-China tensions, Brexit anxiety and strengthening economic headwinds, deal intelligence service Mergermarket said in a report on Wednesday .

"Large cross-border deals, which propelled M&A activity in the past five years, have almost disappeared," said the report. Total cross border M&A accounted for 30.8 per cent or US$246.9 billion of global M&A in the first quarter, compared with 38 to 40 per cent on average between 2015 and 2018. In Europe, only 17 deals totalling US$2.3 billion were struck by acquirers from China and Hong Kong, the lowest since the fourth quarter of 2013.

 

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