Oil Slump Seen Driving M&A as Nordea Monitors Valuations

The Nordic region’s biggest bank says a wave of mergers and acquisitions is likely to follow the plunge in oil prices as companies with enough scale to weather the shock devour struggling competitors.

“The falling oil price and pulling back on spending from the big clients will lead to rising needs for M&A and consolidation,” Casper von Koskull, who heads wholesale banking at Nordea Bank AB (NDA), said in an interview. “It will be defensive consolidation rather than offensive.”

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