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More robust growth expected in 2026
German promissory notes come into their own in times of stress
Even leveraged deals still being underwritten, though banks are selective
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Eight banks provided loan facility to company -
Heavy pre-financing in 2025 may be depressing activity
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Pharmaceuticals and energy transition also ripe sectors for M&A
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Munich-based company's deal is one of five launched this month
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Big deal joins light supply in January
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Bankers say deals are still being launched and believe international rivalry can be negotiated
