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Europe Faces `Wake-Up Call’ Amid U.S. Deal Boom, JPMorgan Says

Dec. 2, 2019, 3:50 PM

European companies will likely follow their North American counterparts in pursuing consolidation to avoid being left behind, according to a top dealmaker at JPMorgan Chase & Co.

Uncertainty in Europe has been holding back top business leaders on the continent from making major acquisitions this year, JPMorgan’s global M&A co-head Hernan Cristerna said in a Bloomberg Television interview Monday. In the fourth quarter, “the dam has broken” and some European companies like PSA Group, LVMH and Novartis AG started announcing significant purchases, he said.

Dealmaking in Europe should rise next year, as a string of large transformative transactions involving...

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