PRINT THIS PAGE Power deals 2003
08/03/2004. Source:PricewaterhouseCoopers.
Last year marked a historical low for mergers and acquisitions in the global electricity and gas market, according to PricewaterhouseCoopers annual report on the sector. But a substantial 69 per cent of the value of deals made in 2003 was achieved in the second half of the year, signalling renewed hopes that the market is finally over the worst. European deal activity suffered a particularly gruelling period. With much of the European utilities market already consolidated, there proved little opportunity for the mega deals that characterised much of 2001 and 2002.
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