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Understanding France’s M&A Market

mergermarket surveyed French corporations who had undertaken an M&A transaction in the last three years to understand current M&A issues and how they exchange critical information during a transaction.

Given the prevailing economic circumstances, it comes as no surprise that the majority of respondents hold a neutral view regarding the outlook for cross-border and domestic transactions in 2009, with many suggesting that French corporates will now pursue a more opportunistic approach to dealmaking.

However, it is interesting to note that almost half of those surveyed expect the Central & Eastern European region to experience the greatest level of annual growth in M&A activity and that almost a quarter of those surveyed expect Chinese bidders to be most aggressive in the region.

The study also highlights some of the key issues surrounding the challenges for French corporates when conducting due diligence, with many highlighting information and transparency issues, as well as confidentiality, as key factors.