Acquisition
A number of processes have been put on hold as a result of Brexit and increased uncertainty.
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Barely ten days before the referendum in Britain sealed its desire to withdraw from the EU, put Aker – and Kjell Inge Rokke the Norwegian oil company and BP’s signatures on what will be one of the Norwegian offshore sector’s biggest players.
the negotiations lasted until the last, and while leading politicians and union stops waiting for a time, was the ink barely dried when the event was presented to the press and public.
the timing may prove to have been very good.
– Drives predictability
the uncertainty surrounding Brexit has really put a wedge in the European M & A market, writes the Financial Times on Thursday.
Meanwhile, enhanced turbulence by the prospect that Donald Trump may be new President of the United States.
– Mergers and acquisitions are very driven by predictability. There have been several factors that have weighed senior management and boards in today’s market; regulatory uncertainty, interest rate risk, the US election and of course, more recently, Brexit, said Gary Posternack, head of the Department of mergers and acquisitions at Barclays globally to FT.
Top may break
A number of financial advisors state that clients have pressed the pause button for many planned processes as they focus on managing currency risk in the wake of the strong pound weakening against the dollar and other key currencies.
See also: Soros believes Britain “has unleashed a financial crisis”
Several believe that the planned merger between Deutsche Börse and the London Stock exchange is the largest transaction that smokes, despite recent assurances from the German group that process continues, according to the FT.
The fear is that the German government should put your foot down for the transaction, which is valued at 30 billion dollars, over 250 billion.
Volume Fall
The transaction volume within mergers and acquisitions in the UK this year was down 70 percent in the period up to the referendum, compared to the same period last year, according to Thomson Reuters. Europe as a whole was down 18 percent, while US volumes were down 27 percent, as in Asia. 
Transactions for a total of 525 billion dollars have stranded because of regulatory obstacles and changes in valuation or tax rules, including pharmaceutical giant Pfizer’s purchase of botox producer Allergan, says FT.
– As before
CEO Knut Brundtland in stockbrokers ABG Sundal Collier notes that unrest and uncertainty in general contributes to restraint.
He feels however, not left in the slowdown that has taken place in the European acquisition market around brexit.
– the general picture is that things go on as before. Some dealer may be delayed or terminated, but new dealer occurs the well as a result of changed circumstances, said Brundtland.
There are also so many drivers in merger and acquisition market that is difficult to add emphasis on brexit as a crucial factor, says ABG boss.
Habitual investors
He believes one does not have to be blinded by currency movements, and shows that the pound, which today jumping over eleven million, accounted for eight million three years ago.
– It is important to emphasize that the market and market participants have turned to live with major changes in course image before brexit.
– The real big change with brexit is the pound against the dollar. It’s not exactly the most important dollar crossed for the Nordic acquisitions market, he said.
Launches high yield bond
In the short term, increased uncertainty to higher volume and revenue for brokerages that due to reallocation, says broker top.
ABG Sundal Collier also launching this week a high-yielding bonds in the Swedish market. 
– It is based on a market-reading that indicates that it is possible to retrieve the money, said Brundtland.
– also affects Norway
CEO Ottar Ertzeid DNB Markets share the view that brexit have less impact on Nordic conditions, where oil price challenges and restructurings have been in focus.
on the other hand contributes brexit to greater risk aversion and increased premiums in the market, which in turn sets the financing of transactions under increasing pressure, he points out.
– brexit meant a greater risk-off holding where they most did not want to take more risks. Watching stock prices falling and credit spreads went out. It also affects the financing of acquisitions, both in terms of equity and debt and the availability of capital. Then market turmoil in the United Kingdom also affects Norway, says Ertzeid to Dagens Næringsliv.
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