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Brexit Is Making It Hard to Buy British Companies

  • Bidders are forced to fund U.K. deals with euros, dollars
  • Some banks are refusing to provide loans due to Brexit risk
Bloomberg business news
Goldman's Hatzius Sees About 10% Risk of a 'Hard Brexit'
Updated on

Risks around the U.K.’s planned exit from the European Union are making it hard to get sterling-denominated loans, an obstacle for companies that want to buy British assets, people familiar with the matter said.

About $3.8 billion in deals for U.K. businesses and assets have been announced so far this year, according to data compiled by Bloomberg. That’s down 76 percent from the same period in 2018 and on track to be the worst January for the market since 2012, the data show.