 "M&A activity records deals worth $56.2 bn in 2016, says EY report")
Merger and acquisition (M&A) activity scaled a six-year high in 2016, with deal value at a record high of $56.2 billion, up 87 per cent over a year before.
The volume declined marginally by two per cent. The year also saw the largest ever inbound investment, of $12.9 bn.
Consultancy EY’s analysis shows a total of 867 deals with a total disclosed value of $56.2 bn were announced. The surge in value was due to 12 billion-plus dollar deals, totalling $34.4 bn. The largest transaction of the year was the $12.9 bn acquisition of Essar Oil (98 per cent stake)
