Old world, new groove: Dealmakers in Europe are having a surprisingly good 2020, with M&A with a target in the region surging by 39% year-on-year. As Brussels favours European corporate champions, the relative trend will continue, writes LiamWardProud:
The value of global mergers and acquisitions slumped by 42% year-on-year to just under $1.2 trillion, according to Refinitiv data. Deals targeting European companies rose by 39% to $415 billion, compared with a 70% slump for those targeting firms in the Americas.
The biggest transaction was Unilever’s planned move to simplify its shareholding structure by merging its Anglo-Dutch holding companies into a single, London-listed parent company. The second largest deal was the purchase of a roughly $30 billion controlling stake in Russia’s Sberbank by the country’s finance ministry, funded by its National Wealth Fund.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USATF Board Deals With Fallout From CEO’s Salary, Olympic Committee ChallengesMeetings and resignations reveal discord. Meanwhile, the USOPC is asking for governance changes.
Read more »
Without Concerts, Artists Are Turning to Ice Cream Deals and Sponsored LivestreamsWithout concerts, artists are turning to brand deals in droves. When Boyz II Men was asked to write a jingle for ice cream, the group turned around a tune and video in two weeks
Read more »
3 Great Hotel Deals To Take Advantage Of If You’re Planning Summer TravelEquipped with new COVID cleaning policies and CDC-compliant rules of stay, US hotels are beginning to open again. Whether you’d like to take advantage of a private home booking, a hotel, or a resort, we now have plenty of options for a summer getaway.
Read more »
A Visual History of the NYC Pride ParadeFrom ACT UP sit-ins to its now signature pageantry, see photos of the NYC Pride Parade going back to the '70s ahead of Stonewall's 50th anniversary.
Read more »
Poland's Duda leads in presidential election, faces a runoffAn exit poll shows Poland's President Andrzej Duda falls short of the 50 percent required for an outright win in the first round of the presidential election
Read more »