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US Natural Resources and Utilities: High Activity, Hard Currency and Technology

US Natural Resources and Utilities: High Activity, Hard Currency and Technology

by HSBC

In comparison with regions such as Europe, the Natural Resources and Utilities (NRU) sector in the US has been a hive of M&A activity. Outbound deals have been aided by a strong dollar, while apparently domestic activity has actually often also involved the acquisition of global assets outside the US. Another strong US M&A theme has been NRU companies acquiring upstream shale assets, which contributed to 45% of deals in the upstream segment in the second quarter of 2016. From a treasury perspective, these trends have had various challenging implications, including the need to manage new regions, types of business and currencies.