Leading corporate firms received a much-needed boost in deal activity in October as research shows European M&A deals hitting £25.2bn – a rise of more than 25% on September’s total and one of the highest monthly figures seen this year.
Buoyed by headline transactions such as Vodafone’s £3.9bn bid for Cegetel and Powergen’s £1.6bn acquisition of TXU Europe’s UK-based retail business and three coal-fired power stations. European M&A has now risen above levels recorded in October 2001, according to the latest data from Mergermarket.
