Energy and power mergers slow to lowest level in eight years
LONDON, April 12
LONDON, April 12 (Reuters) - Worldwide energy and power deal making has had the slowest start to the year since 2005, according to Thomson Reuters data, with a total of $85.3 billion of deals announced so far in 2013.
That is an 11 percent fall on the same period last year and, for the first time since year-to-date 2004, there have been no deals of more than $5 billion announced in the sector.
Citi tops the rankings for advising on energy and power deals, having been involved in four of the top 10 so far.
- Ukraine forces kill up to five rebels, Russia starts drill near border |
- Boy and girl on Korean ferry drowned with life jackets tied together |
- Apple's China success sets stage for iPhone 6, new products
- Children's corpses reveal desperate attempts to escape Korean ferry |
- Zimmer to buy Biomet for $13.35 billion in latest consolidation