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Barclays Wealth sees value in likely M&A trend

January 21, 2010  

From Leigh Powell

The wealth manager says the environment is ripe for M&A since firms with strong balance sheets can borrow at record low rates. It also sees value in non-cyclical equities, renminbi appreciation and shorting gold.

Barclays Wealth has pinpointed opportunities for investors to profit from the anticipated revival in global merger and acquisition (M&A) activity this year.

The financial crisis and the freezing of credit markets prompted a dramatic drop in M&A transactions to...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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