April 25, 2014 / 10:21 AM / in 4 years

Worldwide M&A activity tops $1 trillion so far this year

LONDON, April 25 (Reuters) - The value of worldwide mergers and acquisitions announced so far this year has topped $1 trillion, only the third time deal values have surpassed this mark since records began in 1980, weekly Thomson Reuters data showed on Friday.

Deal volumes shot up following a flurry in the healthcare sector, including Zimmer Holdings’ $13.35 billion acquisition of rival orthopaedic products maker Biomet and the agreement between Novartis and GlaxoSmithKline to trade more than $20 billion worth of assets.

U.S. investment bank Goldman Sachs, an adviser to Biomet and Novartis, climbed to the top of the M&A league table after having worked on deals worth $72 billion this week.

(For more detail on the week's investment banking data please click on: here)

Reporting by Clare Hutchison; Editing by Erica Billingham

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