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Global M&A deals drop 25.5% in Q2

Global mergers and acquisitions (M&A) activity has dropped 25.5% year-on-year to USD1tr in Q2, according to Dealogic data. Alison Harding-Jones, Citigroup's EMEA M&A head, said companies are standing back from M&A in the short term as they are more focused on the impact of a recession on their business. Dealogic data showed that M&A activity in the US plunged 40% to USD456bn in Q2, while Asia-Pacific was down 10%. Europe was the only region where dealmaking didn’t crash. Activity was up 6.5% in the quarter, largely driven by a frenzy of private equity deals, including a EUR58bn take-private bid by the Benetton family and the bid by US buyout fund Blackstone for Italian infrastructure group Atlantia.

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