Power and utilities M&A declines in volume but grows in value: Ernst & Young

Power line tower

Mergers and acquisitions (M&A) activity in the power and utility sector decreased 30% in the first quarter of 2012 compared to the previous quarter, but deal value rose by 19.8%, according to a report published by Ernst & Young.

"M&A is alive and well within the industry. The power and utility companies will continue to be rational players in a tough marketplace, deals will continue to be on the agenda," says Joseph Fontana, global transactions power & utilities leader at Ernst & Young.

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