Southern Europe's 'Herculean' Problems Diminish M&A, Carr Says

Countries in Southern Europe face "Herculean" economic problems, making merger and acquisition opportunities in those nations problematic

(Bloomberg) -- Countries in southern Europe face "Herculean" economic problems, making merger and acquisition opportunities in those nations problematic, said Centrica Plc Chairman Roger Carr.

"Hunting for value in Greece, Spain, Portugal and Italy, from an M&A perspective, is a task for the brave and adventurous," said Carr, 63, at the Bloomberg Businessweek European Leadership Forum in London on Nov. 23.

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