Global merger deals hit highest value since 2007

THE COMBINED value of mergers and acquisitions (M&A) deals announced so far this year has hit the highest level since 2007, according to data provider Dealogic.

M&A volume has hit $934.3bn (£572.9bn) so far this year, driven by a string of lucrative deals including Glencore’s approach for Kazakhstan mining firm Kazzinc for $3.2bn.

The Swiss-based commodities colossus last week revealed its plans as it announced details of its hotly anticipated London stock market listing.

Almost 170 deals worth more than $1bn have been announced this year, which is also the highest number year to date since 2007.

Deals in Asia, excluding Japan, have hit a combined $124.6bn so far, up 12 per cent on the previous record of $95bn set in 2007.

JP Morgan is the top bank adviser on global M&A deals, having been connected with $239.7bn worth of deals.