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M&A Bankers Won’t Get Long Christmas Break, JPMorgan Says

  • Frantic dealmaking shows no sign of slowing: Dirk Albersmeier
  • Blank-check company trend tipped to spread to Europe in 2021
Bloomberg business news
WATCH: JPMorgan’s Dirk Albersmeier says “there are absolutely no signs of this pace slowing down.”Source: Bloomberg
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JPMorgan Chase & Co.’s co-head of global mergers and acquisitions says it will be a short Christmas holiday for investment bankers, with global dealmaking resurgent as the year draws to its close.

Deals are rising across all regions and industries, Dirk Albersmeier said in an interview with Bloomberg TV Thursday. A “strong political desire” to create national champions in Europe is spurring consolidation in sectors including banking, he said. Cross-border transactions are being driven by health-care, technology and industrials companies.