ECM despair at ‘frustrating’ UK politics

By Sam Kerr
05 Sep 2019

A chaotic weak in Britain’s Parliament has cast further uncertainty over UK ECM as sellers consider whether to bring forward transactions to avoid running up against a potential new Brexit deadline in January. However, talk of a general election this autumn could make execution difficult.

The six-month extension to the UK’s membership of the European Union, agreed in April, gave equity bankers a chance to do deals. Airtel Africa, the African subsidiary of Indian telecoms conglomerate Bharti Airtel, Dubai-based Network International and Abu-Dhabi’s Finablr all listed in London in the first half of ...

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