E&Y says growth appetite to drive M&As

摘要

M&A activity in the mining and metals sector is expected to pick up in 2012, advisory and accountancy firm Ernst & Young said in a report prepared before Glencore International plc and Xstrata plc's proposed merger became public knowledge. The report said: "Robust demand fundamentals, strong balance sheets and an appetite for growth will drive a step-up in M&A in the global mining and metals sector in 2012.