Cross-border M&A falls to lowest since 2009


Cross-border merger and acquisition deal volumes are down by almost a third so far this year from 2012 levels, making this the slowest year to date for international transactions since 2009, Thomson Reuters data showed on Friday.

Deals like the $19.3 billion merger of publishing giants Publicis Groupe and Omnicom Group have lifted announced cross-border volumes to $384 billion in 2013, according to the data, but volumes are still 31 percent lower than at the same period last year.

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Wall Street investment banks Morgan Stanley and Goldman Sachs top the advisor league table, with a little over $103 billion of cross-border work each, while JP Morgan lies in third with $65 billion.

(For more details on the week's investment banking data please click:

(Reporting by Tommy Wilkes; editing by Tom Pfeiffer)