UK Is Hotbed for Europe M&A With Currys, Deliveroo Among Targets
- International companies are circling discounted UK stocks
- Renewable energy is the space to watch for future deals
A Currys Plc store on Oxford Street.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The UK is set to see another wave of mergers and acquisitions in the second-half of the year as dealmakers hunt for targets in one of the world’s cheapest equity markets.
British companies represented more than 60% of the names mentioned at least twice as the most likely M&A targets, according to an informal survey of 14 European risk-arbitrage desks, traders and analysts conducted by Bloomberg News in June. This includes names such as food delivery platform Deliveroo Plc, electronic retailer Currys Plc and engineering specialist Dowlais Group Plc.