Description: Canadian companies and pension funds are on a European acquisition binge, even as U.S. and Chinese buyers slash spending on takeovers there. Europeâ€™s low valuations and the robust Canadian dollar are spurring deals by Canadian companies such as Brookfield Asset Management (BAM) and Alimentation Couche-Tard. â€œCanadian companies are basically punching above their weight in the European market,â€ says Julian Brown, head of corporate finance for Canada at Pricewaterhouse-Coopers in Toronto.
Date: Aug 02, 2012
Questions for Discussions:
- Explain the reasons for Canadian acquisitions in Europe?
- How significant is the strength of the Canadian dollar and commodity prices in explaining the decision to invest outside Canada?