Deals
UK Dealmakers Unveil Year-End Push as M&A Wave Hits $160 Billion
Deal volume in the UK rose 81% to more than $160 billion so far this year, double the $82 billion tally from its closest rival Germany.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
A sudden wave of M&A activity has hit the UK this week, bucking concerns about a slowdown under the new Labour government and securing the country’s top spot among European dealmaking destinations.
Aviva Plc on Wednesday announced a £3.3 billion ($4.2 billion) takeover bid for Direct Line Insurance Group Plc, quickly followed a day later by Macquarie Asset Management’s offer to acquire Renewi Plc for about £701 million. Both confirmed earlier reports from Bloomberg News.