Mergers, takeovers and IPOs continue to be sluggish in Germany. In view of the uncertainty about the global economy and the turmoil on the financial markets, companies hardly dare to strike, as the rankings of the financial data service provider Refinitiv show. The value of takeovers with German participation fell by twelve percent in the first quarter compared to the already weak level of the previous year to $ 21.5 billion – the lowest amount since 2016. Without the sale of the SAP subsidiary Qualtrics, valued at $ 9.8 billion it even worse off. Between January and March (as of March 23) there were a total of three billion transactions – although the success of two is still in the stars. Domestic companies in particular are failing to buy, as the statistics show: Within Germany, the transaction volume fell by 63 percent to its lowest level in ten years, and German company buyers spent 59 percent less abroad than a year earlier. Financial investors in particular are a ray of hope, who, given deep pockets, spent 15 percent more on a total of 126 German companies in the first quarter. The cloud provider Ionos celebrated the only IPO of the year in Germany with an issue volume of the equivalent of 479 million dollars. After the initial listing, however, he struggled, which is not exactly encouraging for other stock market candidates. Experts are hoping for the second half of the year.
Germany – Mergers and IPOs sluggish – Economy
