06.03.2014 - Metals M&A to remain in low gear during 2014: PwC
In fact, M&A activity in the Asia Pacific region, now account for 61% of all deal value globally, compared to only 19% in 2011, according to PwC's new report, 'Metals Deals: Forging Ahead 2014 outlook and 2013 review'. Globally, deal numbers fell 30% year on year with volume touching 2009 levels. In value terms, deal sizes fell 24% year on year but the dip was not as sharp as the slide in volumes. In 2013, total deal value in metals space was $34.8billion, significantly higher than $15.1 billion in 2009. Low growth combined with continued global overcapacity in production does not augur well for strong recovery in metals M&A in 2014, the report said...............................................Full Article: Source
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