Slow year for cross-border M&A: Thomson Reuters

By IVCPOST Staff Reporter

Aug 02, 2013 07:45 AM EDT

Data from Thomson Reuters revealed that volumes of international mergers and acquisitions were down by as much as a third this year compared to the levels posted last year. This makes 2013 the slowest year for cross-border M&A since 2009.

The merger of Publicis Groupe and Omnicom Group, two publishing giants from France and New York, was among the biggest deals this year. Worth USD 19.3 billion, the alliance increased cross-border M&A volumes to USD 384 million, Thomson Reuters' data showed. Compared to the same period last year, however, this is still lower by 31%.

Thomson Reuters also disclosed that banks from Wall Street are at the top as advisors. Morgan Stanley, Goldman Sachs, and JP Morgan led the pack when it comes to the amount of international mergers and acquisitions handled. Morgan Stanley and Goldman Sachs took care of cross-border deals worth more than USD 103 billion each. JP Morgan was a distant third with only USD 65 billion worth of international M&As to its name.

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