Takeovers of London-listed companies are shrinking the UK stock market at the fastest pace in more than a decade, Report informs via Bloomberg.
About 45 companies have delisted from the London market this year due to mergers and acquisitions, up 10% from the tally for all of last year, according to data compiled by Bloomberg.
That’s the highest number of firms to leave the market since 2010, and comes as the volume of deals targeting UK companies jumps 81% this year to more than $160 billion.
Foreign private equity firms have been particularly active, with US-based Starwood Capital Group closing its £674 million ($852 million) acquisition of London-listed Balanced Commercial Property Trust Ltd. last month. Sweden’s EQT AB also completed its £2.1 billion takeover of videogame services company Keywords Studios Plc in recent weeks, while Thoma Bravo finished its $5.3 billion purchase of cybersecurity software…
