BusinessCorporate FinanceRegulators cost merging businesses £7m

Regulators cost merging businesses £7m

A study by PricewaterhouseCoopers has found that large companies that undertake cross-border mergers face a 'tax' of up to £7m due to costs incurred by the high number of antitrust regulators.

Link: Fears rise of EU taking over M&As

The report, published today and based on 51 companies that had been through 500 merger reviews in over 50 countries, found that the US has the most expensive regulators. An extensive review by the Department of Justice or the Federal Trade Commission costs more than £550,000, a figure twice that of an EU review.

The report also found that Brazil is the slowest regulator, with a review there taking up to a year compared to 8 months in the US.

Related Articles

Grant Thornton recruits new corporate finance partner

Accounting Firms Grant Thornton recruits new corporate finance partner

9m Emma Smith, Managing Editor
Total fraud value at £2bn five-year high, finds BDO

Accounting Firms Total fraud value at £2bn five-year high, finds BDO

9m Stephanie Wix, Writer
MHA MacIntyre Hudson appoints corporate finance director

Accounting Firms MHA MacIntyre Hudson appoints corporate finance director

9m Stephanie Wix, Writer
Tax avoidance crackdown sees 80% jump in additional HMRC revenue

Accounting Firms Tax avoidance crackdown sees 80% jump in additional HMRC revenue

9m Stephanie Wix, Writer
Making Tax Digital: the "unexpected item in the bagging area"

Accounting Standards Making Tax Digital: the "unexpected item in the bagging area"

9m Stephanie Wix, Writer
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

9m Stephanie Wix, Writer
KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

9m Stephanie Wix, Writer
Independent city firm reports 70% growth

Accounting Firms Independent city firm reports 70% growth

9m Stephanie Wix, Writer