Top Mining Dealmaker Says Takeovers All Talk Until Recovery
- ‘Lots of conversations going on,’ BMO Capital Markets CEO says
- Barclay says pickup in mining deals hinges on economic clarity
Dan Barclay, head of BMO Capital Markets.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Miners are engaging in plenty of takeover talks despite a tepid year for acquisitions, but few deals will get done without greater clarity on the economy and an ebbing of Covid-19, said the industry’s top dealmaker.
“There’s lots of conversations going on, lots of people exploring new ways to think and new ways to operate,” Dan Barclay, who heads Bank of Montreal’s capital-markets division, said in an interview last week. “The probability of a lot of action is going to be conditional on that economic recovery.”