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Do M&A deals in green sectors result in greater synergies than those in non-green sectors for european companies?

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Mergers and Acquisitions (M&A) deals are important in every industry and can be a game changer in every market. Green Finance is a concept that is growing, and becoming more and more important as time goes by, and it is something that every company nowadays considers. By merging these two important concepts in the world of Finance, I decided to test how the M&A value creation in green sectors differs from the value creation in non-green sectors. In this study, 865 M&A deals were considered, which were retrieved from Refinitiv Workspace. The conclusions obtained from this study suggest that the synergies generated by the deals are not always higher when green companies are present and that it depends on the approach used. The results also show that green companies' cumulative abnormal returns (CAR) are not always positive, which impacts the synergy creation in M&A deals.

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Green sectors M&A Synergies

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