(Bloomberg) -- Mining-company mergers and
acquisitions will probably accelerate because of a shortage of
``high-quality, long-life, low-operating cost'' operations,
according to UBS AG, Europe's biggest bank by assets.
The rise in consolidation will be assisted by an increase
in money available for takeovers, with U.K. mining companies
expected to generate $76 billion in earnings before interest,
tax, depreciation and amortization next year, UBS analysts led
by London-based Paul Galloway said in a report today.
Read more at Bloomberg Stocks News
acquisitions will probably accelerate because of a shortage of
``high-quality, long-life, low-operating cost'' operations,
according to UBS AG, Europe's biggest bank by assets.
The rise in consolidation will be assisted by an increase
in money available for takeovers, with U.K. mining companies
expected to generate $76 billion in earnings before interest,
tax, depreciation and amortization next year, UBS analysts led
by London-based Paul Galloway said in a report today.
Read more at Bloomberg Stocks News
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