M&A loan flow still way short of banks’ demand

By Jon Hay, Richard Metcalf, Ross Lancaster
15 Oct 2014

European investment grade mergers and acquisitions had been quiet since Arkema, Merck KGaA and Siemens announced a trio of bids on September 22, but bankers were confident fresh deals were on the way.

Finally, on Tuesday, Swiss sanitary parts supplier Geberit broke the silence with its Sfr1.29bn (€1.07bn) bid for 100% of Finnish bathroom fixtures maker Sanitec.

Good news for loans bankers — though JP Morgan has not disclosed whether it will syndicate the Sfr900m bridge to bond and €400m bridge ...

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