More M&A deals in power markets but values decline
The number of merger and acquisition (M&A) deals in the power industry climbed in 2008, despite difficult financial circumstances. However, at the same time the actual value of deals declined, according to an annual review by PricewaterhouseCoopers (PwC.)
The review shows a 24% increase year-on-year in worldwide power deals for 2008, up to 954 from 768 in 2007, but a 41% plunge in total deal value, down to US$205.6 billion from its record level of $372.5 billion in 2007.
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