Wednesday 13 November 2019

More deals on cards as investors fret about Brexit

Photo: Bloomberg
Photo: Bloomberg

THE merger between the two Kennedy Wilson arms "looks like a sensible deal" for shareholders, given the downward trajectory of capital values in the UK and net asset valuation expectations as Brexit looms, according to Goodbody Stockbrokers.

It noted that capital values are likely to continue falling as the UK prepares to leave the European Union in 2019.

Analysts expect that the weakness in shares in listed UK property-investment firms relative to their asset values could prompt further acquisition or take-private activity.

Some UK Reits could be among those that will see activity.

Irish Independent

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