(Bloomberg) — Carrefour SA beat out telecom and media companies to top the list of mergers and acquisitions targets in Europe, as dealmaking starts to recover from its worst quarter since summer 2020.
Most Read from Bloomberg
The French grocer was a clear M&A favorite in a Bloomberg News survey of 20 traders, fund managers and analysts in Europe at the end of March. While approaches by Canada’s Alimentation Couche-Tard Inc. and domestic rival Auchan fell apart early last year, the latter is said to weigh another takeover attempt. Any deal in France will look to avoid the presidential elections this month.
Worries about the war in Ukraine and soaring inflation dented confidence this year, with European M&A volume down 41% compared to a blockbuster first quarter in 2021. Yet, dealmaking is still happening at a historically elevated pace in Europe, as cheaper valuations and a rotation away from frothy growth assets provide an array of buying opportunities.
“The M&A market has…
__________________________________________________
You can Read this Complete Story at:
Source Link
__________________________________________________
Tags:
Dow Today, Dow Jones Today
__________________________________________________
Related Links:
Stock Market
Latest News on C N N.
__________________________________________________
2022-04-07 09:22:31
