A recent tally of Canada’s MandA deals in the second quarter revealed some surprising results. Despite the barrage of news flooding in each day about the volatile European markets, that area of the world was a bright spot for deals involving at least one Canadian unit.
Europe proved to be the most popular place for buyers to invest in the second quarter, with acquisitions in the region accounting generating $15.1-billion of value, according to PwC – that’s the highest amount since before the financial crisis and more than $5-billion more than the first quarter of the year.
Couche-Tard’s bid for Statoil Fuel and Retail business in Scandinavia, for example, was bought as a base from which to grow the company’s Central and Eastern European business. During the second quarter, a total of 721 MandA announcements were made involving at least one Canadian company, and these were worth a total of $47.7-billion.
Read more: Europe a surprising bright spot for Canadian MandA - The Globe and Mail
No comments:
Post a Comment