Pandemic or not, business as usual for deal street as M&As soar 44% in H1

Despite the second wave of Covid-19 scuppering normal life, the deal street was busy in the first half of 2021, closing 44 per cent more deals worth USD 49.34 billion than in the same period in 2020 that was also ravaged by the first wave of the killer viral infections, shows an industry report. Mergers and acquisitions (M&As) were worth USD 34.3 billion in the same period in 2020. Deal volume grew 5 per cent to 730 from 693 a year ago, according to the latest data from Refinitiv, the LSE Group arm that is into financial markets data. Of the total, cross-border M&As amounted to USD 21.73 billion across 210 deals, up from USD 16.02 billion across 195 deals in the same period in 2020. Globally, quarterly M&As surpassed USD 1 trillion for fourth consecutive quarter, making it the strongest year-on-year percentage growth on record. Worldwide M&As totalled USD 2.8 trillion during the first half, up a record 132 per cent compared to the same period last year. This is the ...

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