Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Citigroup    C

CITIGROUP (C)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

French outbound M&A driven to decade high by big deals

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/09/2017 | 08:58pm CEST
FILE PHOTO:  Sunglasses from Ray Ban are on display at an optician shop in Hanau

French companies have spent more on overseas acquisitions so far this year than in the same period over the past decade, marking a sharp rebound from 2016, Thomson Reuters data released on Tuesday showed.

Outbound merger and acquisition activity by French firms has reached $40.8 billion (31.55 billion pounds) so far in 2017, up from less than $5 billion over the same period in 2016 when there were 243 deals, compared with 213 in 2017, the data showed.

French transactions involving companies in other European countries accounted for 79 percent of the total outbound M&A volume so far this year, with the Americas in second place with 20 percent of the total.

Of the total French outbound M&A activity so far in 2017, 65 percent was in consumer products and services companies, followed by industrials with 16.4 percent, the data showed.

The activity was dominated by Essilor International's $25.2 billion all-share acquisition of Italian eyewear group Luxottica in January.

In the second biggest overseas deal by a French company so far this year, an investor group which included French waste and water group Suez bought GE Water for 3.2 billion euros ($3.48 billion).

On Sunday France elected Emmanuel Macron as president with a business-friendly vision of European integration which could stoke European cross-border transactions.

U.S. investment bank Citigroup leads the league table of advisers so far this year for deals involving outbound French M&A, advising on deals worth $30.8 billion, giving it a 75.4 percent share of the market.

(Reporting by Dasha Afanasieva; editing by Alexander Smith)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CITIGROUP
09/19 KWG Property (01813) to issue US$250m senior notes
09/19 CITIGROUP : Citi to be 100 Percent Powered by Renewable Energy by 2020
09/19 Transaction banking revenues rise 4 percent in first half.
09/18DJGOLDMAN SACHS : Nabs Pipeline Banker From Citi
09/18 CITIGROUP : Coop appoints Citigroup to coordinate capital increase
09/18 CITI : Announce Co-Heads of Trade Business in EMEA
09/16 Office Depot appoints marketing chief
09/16 CITIGROUP : Second Quarter 2017 Results, Key Metrics
09/15 CITIGROUP : Initial public offerings scheduled to debut next week
09/14 INDEPENDENCE REALTY TRUST : Announces Public Offering of Common Stock
More news
News from SeekingAlpha
09/19 The Fed To Drive Bank Of America, Citigroup, JPMorgan And Financials Higher
09/15 Low Vol High Return, High Vol Low Return?
09/15 Why You Need To Buy This Citi Breakout
09/15 JPMorgan And Bank Of America To Lose Key Source Of Revenue In Q3
09/14 Magic Money
Financials ($)
Sales 2017 71 409 M
EBIT 2017 27 897 M
Net income 2017 14 271 M
Debt 2017 -
Yield 2017 1,34%
P/E ratio 2017 13,65
P/E ratio 2018 11,90
Capi. / Sales 2017 2,71x
Capi. / Sales 2018 2,61x
Capitalization 194 B
Chart CITIGROUP
Duration : Period :
Citigroup Technical Analysis Chart | C | US1729674242 | 4-Traders
Technical analysis trends CITIGROUP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 72,4 $
Spread / Average Target 1,8%
EPS Revisions
Managers
NameTitle
Mike Louis Corbat Chief Executive Officer & Director
James Anthony Forese President & CEO-Institutional Clients Group
Michael E. O'Neill Chairman
Don Callahan Chief Operations & Technology Officer
John C. Gerspach CFO & Principal Accounting Officer
Sector and Competitors
1st jan.Capitalization (M$)
CITIGROUP16.17%193 852
JP MORGAN CHASE & COMPANY6.18%330 572
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD30.84%301 921
WELLS FARGO-6.26%264 876
BANK OF AMERICA10.32%262 287
CHINA CONSTRUCTION BANK CORPORATION25.37%230 748