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
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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

LONDON (Reuters) - 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)

Stocks mentioned in the article
ChangeLast1st jan.
ESSILOR INTERNATIONAL 0.25% 118.9 Real-time Quote.3.18%
GENERAL ELECTRIC COMPANY 1.94% 15.26 Delayed Quote.-14.21%
LUXOTTICA GROUP 0.63% 54.58 End-of-day quote.6.04%
SUEZ ENVIRONNEMENT 0.76% 12.67 Real-time Quote.-14.25%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CITIGROUP
05/21Data firm IHS Markit to buy Ipreo in $1.86 billion deal
RE
05/21CITI : Appointed Successor Depositary Bank for YY Inc.’s Sponsored ADR Pro..
BU
05/21CITIGROUP : Banque Misr appoints Citigroup to arrange $500m loan
AQ
05/21CITIGROUP : Citi Retail Services and Sears Holdings Announce Extended Relationsh..
BU
05/21CITIGROUP : Don’t punish companies for turning against guns
AQ
05/18BANK OF AMERICA : U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA
RE
05/18CITIGROUP : Is Fined for IPO Lapses -- WSJ
DJ
05/18U.S. bank stock gains may stall after two-year rally
RE
05/17CITIGROUP INC : Financial Statements and Exhibits (form 8-K)
AQ
05/17WPX ENERGY : Announces Upsize and Pricing of Senior Notes
AQ
More news
News from SeekingAlpha
05/18Supreme Court okays sports gambling, but will credit cards allow it? 
05/18U.S. SUPREME COURT ALLOWS SPORTS BET : Now What For Investors? 
05/17Successful Trade Negotiations With China Could Be Quite Rewarding 
05/16Card lenders feel squeeze between increased loan losses, reward expenses 
05/15BLOOMBERG : Volcker rule rewrite is said to drop key trading burden for banks 
Financials ($)
Sales 2018 74 301 M
EBIT 2018 31 746 M
Net income 2018 16 381 M
Debt 2018 -
Yield 2018 2,09%
P/E ratio 2018 10,79
P/E ratio 2019 9,45
Capi. / Sales 2018 2,46x
Capi. / Sales 2019 2,37x
Capitalization 182 B
Chart CITIGROUP
Duration : Period :
Citigroup Technical Analysis Chart | C | US1729674242 | 4-Traders
Technical analysis trends CITIGROUP
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 82,9 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Michael Louis Corbat Chief Executive Officer & Director
James Anthony Forese President & CEO-Institutional Clients Group
Michael E. O'Neill Chairman
Don Callahan Head-Operations & Technology
John C. Gerspach Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
CITIGROUP-3.83%182 473
JP MORGAN CHASE & COMPANY3.92%384 604
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-2.42%330 291
BANK OF AMERICA2.51%312 394
CHINA CONSTRUCTION BANK CORPORATION0.65%276 508
WELLS FARGO-11.49%264 207