News in brief: Transportation M&A at record high

The value of mergers and acquisitions in the transportation sector reached $31.6bn (€26.5bn) last week, the highest year-to-date level since records began, according to Dealogic, the investment banking data provider. This largest deal was AP Moller Maersk's acquisition of Koninklijke P&O Nedloyd for $2.8bn in June. According to Dealogic, potential advisory revenues from transportation M&A stand at $275.5m in the year to date, up 87% compared with 2004 full-year revenues. JP Morgan Chase advised on three of the top-five largest deals in the sector this year.

Banking dominates European deals

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