Transactional lawyers across Europe are breathing a tentative sigh of relief over increasing signs that the gears of corporate dealmaking may finally be starting to turn.
Growing economic stability and a loosening of the credit markets has seen M&A activity in Europe, which in 2009 had slumped to its lowest level in more than a decade, start to recover in earnest. Buoyed by some bumper deals—such as U.K. telecom giant Vodafone Group Plc’s $130 billion sale of its 45 percent stake in Verizon Wireless to Verizon Communications Inc.—the aggregate value of announced M&A transactions involving Eurozone-based companies rose more than 30 percent to $284.5 billion in the first three quarters of 2013, according to the latest data from Mergermarket Ltd. European M&A totaled $156.3 billion in the third quarter of 2013—a 42 percent increase over the same period the previous year—with cross-border activity hitting a 15-month high of $101.1 billion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
