Hectic M&A activity continued in July with announced transactions worth ~USD349bn, a tad lower than June, but considerably high compared to prior months clearly indicating opportunistic consolidation activity amid Covid-19 fallout.
Corporate bond market activity remained buoyant in the month of June raising ~USD 1.3Tn (+4% MoM) despite the Corona scare with China-based firms dominating the issuances market followed by the US.
The EV sector is all set to revive the slumped global auto sector.With global governmental policies and falling EV vehicle prices working in the sector’s favour, the industry could be valued at US$360bn by 2025 led by China & Europe.
