Acquisition finance is back, Bilfinger shows
The equity market is becoming a source of M&A finance with German construction business Bilfinger Berger planning a Eu270m rights issue to buy Austrian rival MCE. The purchase of MCE has a Eu350m price tag and comes as Balfour Beatty, the UK construction group, is raising £353m for an acquisition in the US. Are other building firms set to follow and what is it about the equity markets that make them so attractive to this sector? Read EuroWeek on Friday.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts