The collapse of one of the biggest takeovers in the mining sector has increased fears that market turmoil is having a greater effect on dealmaking than previously expected, according to mergers and acquisitions bankers.
Brazilian mining group Vale last night said its plan to take over London-listed rival Xstrata in a deal worth £44bn (â¬56bn) had failed, after volatility in the market triggered a 30% fall in its share price in the last month.
