The situation in the Middle East is tense as well. It is as always hard to predict what short term impact on the M&A market will be.
For M&A, deal activity in March involved 101 deals in total; that’s an increase of 35 deals year on year. A couple of the notable ones are:
- ABInBev completed the buy-back (0.19 per cent) of its stake from Altria Group Inc.
- Haleon plc repurchased 1.11 per cent of its shares from Pfizer Inc.
- Nolet Distillery and Enix NV acquired around a seven per cent stake in Lucas Bols NV
- Accrol Group Holdings plc was acquired by Navigator Co through its subsidiary, Navigator Paper UK Ltd.
The most active sector (in number of deals) in March was Accommodation with nineteen deals, as shown by:
- Accor SA repurchasing 2.8 per cent of its share from Jinjiang International Holdings Co. Ltd.,
- Connected Capital acquiring Hoteliers.com BV and SmartHOTEL BV and
- White Rose Hotel Ltd. being acquired by Complete Hospitality Ltd.
Read more in the April edition of our newsletter.
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