January has seen the highest volume of investment in M&A activities The monthly high of July 2013 was surpassed by the last high recorded in July 2013.
Fewer but larger transactions
According to data provided by TTRThe increase in the volume of M&A activities This was thanks to the high amount of transactions signed and not to the increase in the number of transactions, which fell back to the levels of August last year, standing at a total of 65 transactions, well below the 105 registered last December, although 12% higher than in January last year.
Key players in major operations
Major operations include sales starring Repsol and Telefónica cThe aim is to reduce its debt.
Repsol sold assets of LNG a Shell for €3000M. "In this way, Repsol is relieved of the debt associated with its LNG assets and Shell assumes the financial commitments". Diego Gutierrez, the group's corporate finance expert, says Abra-invest.
Telefónica has also sold for €2467M a 69.4% of Telefonica Czech Republic the Dutch group PPF.
Most active sectors in terms of number of transactions
The most active sectors by number of transactions were the internet, followed by consulting, auditing and engineering, real estate and finance and insurance.
The interest of foreign companies in Spanish companies continues to grow and, except in the internet sector, which has registered 10 operations involving Spanish companies compared to 2 cross-border acquisitions, cross-border operations dominate in the 3 most active sectors, with the US, UK and France standing out as the 3 most active countries.
Other topics that may be of interest to you:
The Spanish M&A market in 2013
The United States and France buy Spain from us
Will developed countries end up in the hands of emerging countries?
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