The total number of announced deals recorded by Thomson Financial in the first half of 2002 involving either a European target or European acquiror showed a substantial drop to 4,621 deals with a total value of $280.1 billion (EURO312.8 billion) from 7,354 deals during the same period in 2001.
In contrast to the sharp decline in European deal numbers the total transaction values of European activity fell only 18.2 per cent to $138.3 billion (EURO154.4 billion) from $169.2 billion (EURO189.0 billion) during the same period last year.
European second quarter results for 2002 of $138.3 billion (EURO154.4 billion) showed a 34.3 per cent increase in deal values from the first quarter results of this year of $103.0 billion (EURO115.0 billion).
The UK consolidated its position as Europe’s hot bed for M&A activity after recording 516 deals with a total value of $60.9 billion (EURO68.0 billion).
The largest deal announced during the second quarter of 2002 involving either a European target or European acquiror was National Grid Group’s agreement to acquire Lattice Group in a stock swap transaction valued at $18.4 billion (EURO20.5 billion).
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: