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M&A fuel runs dry after debt markets implode

Issue: Germany in the Capital Markets - 7 November 2008

Germany’s M&A market faces the prospect of a torrid 2009, not least because the loan market, vital for acquisition finance, has stalled. Corporate borrowers wanting debt will have to be more flexible and less price-conscious than ever before. Some, meanwhile, have proved innovative by exploiting Germany’s lax disclosure laws. Paul Wallace reports...

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