consolidation

For the first time, the telecoms industry in Europe is achieving the long-awaited market consolidation. Yet the joy is often short-lived. A concentrated market attracts newcomers.

The mergers currently planned by French asset managers are likely to be just the beginning of a wave of consolidation in Europe. One factor is that the size gap compared to American players remains large.

While banks in France, Spain, and Italy experienced a significant number of closures years ago, the consolidation trend in Germany started later. Currently, the reduction of banks in Germany is more substantial than in the entire Eurozone.