Publications
August 2011
August 2011
August was a slow month in Spain for M&A deals. While the number of deals was notably less than in previous months, most transactions were cross-border deals (some 50%) - a significant increase on the 25% average registered in June and July.
The Portuguese transactional market was also less active in August than in previous months. However, there were still thirteen deals registered. Highlights included the announced EUR 388m sale of a stake held by Banco Espírito Santo and by Espírito Santo Financial Group in Saxo Bank, to US-based fund TPG Capita, as well as EDP's role in various relevant operations.
