Announced cross-border M&A activity had a solid start to the year: in H1 2015, volume dropped 11% year-onyear to 1,279 deals, while value rose 3% to USD 364.4 bn over the same period. Thus far this year, buyers from around the world have looked to make purchases in Europe. The United States, along with Western European countries, are among the most active cross-border buyers. However, farther-flung buyers have also sought out prime European targets. In a US$15.3bn deal, Hong Kong-based conglomerate Hutchison Whampoa announced plans to acquire Telefonica’s UK arm. Given that Hutchison Whampoa already owns Three, a rival operator, a combined company stands to have a 40% market share in the UK.
Click here to read the Best Friends ‘European M&A snapshot’.