German First-Quarter Dealmaking Slides to 6-Year Low Due to Ukraine War Jitters

German First-Quarter Dealmaking Slides to 6-Year Low Due to Ukraine War Jitters
The Frankfurt skyline is pictured, as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, on Jan. 5, 2022. Kai Pfaffenbach/Reuters
Reuters
Updated:

Mergers and acquisitions in Germany in the first three months of 2022 have dropped 10 percent from the same period in 2021 in what has been the slowest start to a year since 2016 due to market uncertainty caused by Russia’s invasion of Ukraine.

Equity capital markets in the euro zone’s biggest economy have been hit harder as market jitters have led to a total dearth of deals with no initial public offerings (IPOs) or convertible offerings recorded so far this year, according to Refinitiv data.