Europe – Plentiful Opportunities
The Natural Resources and Utilities (NRU) sector in Europe is approaching a tipping point. Conditions for certain buyers appear ideal and there is no shortage of distressed assets looking for a new home. Yet a variety of factors have so far delayed what seemed to many an inevitable rush of M&A activity. It seems increasingly likely that this situation will change in the coming year and M&A levels will rise substantially . This in turn will create an intense period of activity for corporate treasuries. Many of these will find that while some of the treasury consequences of European M&A activity are similar to those applying elsewhere, others are rather different.