Deals
Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands
- Overall mergers and acquistions hit $132 billion in Canada
- High cost, lack of pipelines behind oil sands exodus
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Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments.
There have been about $132 billion of transactions recorded this year, the highest since $156.5 billion in the first half of 2007, according to data compiled by Bloomberg. Local companies snapped up these energy assets, boosting domestic M&A to a record.