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European acquisitions by foreign suitors set record for year to date

Wed, 11th Mar 2015 12:16

LONDON, March 11 (Reuters) - Acquisitions involving aEuropean target company and a suitor from outside the regiontotalled $73.4 billion so far this year, the highest amount overthis stage of the year since Thomson Reuters records began inthe 1970s.

U.S. companies are the most active foreign buyers in Europe,accounting for 38 percent of this year's inbound deal activityby value, also thanks to a 12 percent fall in the value of theeuro against the dollar.

U.S. acquisitions in Europe have more than doubled in valuefrom last year to $27.9 billion.

Britain accounted for the two largest deals, namelyHutchison Whampoa's proposed acquisition of O2's UKoperations and Ball Corp's move for Rexam. (Reporting By Francesco Canepa)

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