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JPMorgan Sees `Massive Amounts' of Cash Feeding M&A in Nordics

  • Nordic M&A value is up by almost a third from a year ago
  • Demand for M&A has buyers casting a wider net for more targets
Night photo of Stadsgarden in Stockholm, Sweden.
Night photo of Stadsgarden in Stockholm, Sweden.Photographer: Hannes Runelöf/Moment RM
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There’s a lot of cash swishing about in the Nordic region and that leaves plenty of potential for more mergers and acquisitions, according to JPMorgan Chase & Co.

“There’s massive amounts of dry powder both on the corporate side, where cash balances are very good, and on the private equity side, where we see a lot of activity,” said Jonas Wikmark, the head of Nordic M&A at JPMorgan. “We see very positive sentiment across most sectors and I think that leads to a lot of deals.”