Changing mindsets in the credit crunch
The latest edition of Power Deals, the annual review by PricewaterhouseCoopers of power sector M&A global activity, shows a 24 per cent inc re as e year-on-year in worldwide 2008 power deal numbers.
This is up to 954 from 768 in 20 07,but it is represents a 41 per cent plunge in total deal value, down to $205.6 billion from its record level of $372.5 billion in 2007.
So, while the number of deals soared in 2008, the value of deals plummeted as companies faced the new reality of the financial crisis and, in key markets, adopted a ‘wait-and see’ approach to big acquisitions.
In each ...
