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Dealmakers Bet Weak Pound, Euro May Lure US Buyers Amid Slowdown

  • Impact of weaker currencies on deals could take months to show
  • The UK seen as more attractive than Europe amid Ukraine war
British Pound and Euro banknotes

British Pound and Euro banknotes

Photographer: Ian Waldie/Getty Images Europe

Dealmakers are hoping the record plunge in the pound and a slumping euro will lure American bargain hunters to Europe, helping ease the global slowdown in mergers and acquisitions.

“Given the seismic shift in the dollar in the last six months, we are certainly seeing more US acquirers targeting assets in Europe,” said Louise Wallace, head of the corporate and M&A group at law firm CMS. “Whilst currency is just one of many factors, the purchasing power of the dollar does make European targets, and UK targets in particular, look very attractive.”