What Brexit really means for the EU
December 20, 2016
(1) The Impact on French M&A Deals
On June 23, 52 percent of U.K. voters voted to leave the European Union. What happens next is far from certain and will significantly depend on the rules governing the relationships between the U.K. and the EU post-Brexit (which is not expected before the end of 2019). The implications for global M&A markets are, accordingly, equally far from certain. The volume of M&A transactions undertaken in the U.K. in the six months prior to the Brexit vote was down 70 percent. Against this backdrop, the only certainty is uncertainty, at least for the short term.