sector (FS) in 2008 was characterized by increased government
involvement and more focus on domestic priorities, a report from
PricewaterhouseCoopers has found.
M&A deals in the European FS sector declined from €208 billion
in 2007 to €179 billion in 2008, but the growing trend of
governments nationalising or taking strategic stakes in European FS
companies accounted for over half of the top 20 deals.
The government involvement also reversed the trend toward
cross-border M&A activity, and domestic deals accounted for
around €137 billion compared to €76 billion in 2007.
Cross-border deals decreased by 69 percent to €41 billion.
The value of M&A operations concerning the banking sector
was predominant, with around €152 billion compared to €140 billion
the previous year. The government involvement there accounted for