The value of mergers and acquisitions (M&A) between European companies plummeted 68% in the second quarter this year, compared to the three months to the end of March.
M&A between European companies accumulated just under €52 billion in the second quarter this year, compared to the first quarter which totalled €165 billion.
The value was halved in the second quarter this year, compared to the same period last year when M&A in Europe were valued at €104 billion.
The Association for Financial Markets in Europe (AFME) complied the report which included the data on M&A, among other data on second quarter market activity.
The AFME report also showed a significant spike in equities trading on 24 June, which saw daily equity turnover on European venues increase 2.5 times.
“A total of €128 billion in equity shares were traded on European venues during 24 June, comparable with €51 billion on 23 June,” AFME explained.