Catalan Uncertainty Is Putting Deals In Doubt

  • Push for independence set to dent Spain’s economic growth
  • Premier threatening to take direct control of rebel region
Photographer: Angel Garcia/Bloomberg
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Spanish dealmakers enjoying a boom in mergers and acquisitions this year have encountered an unexpected problem: Catalonia’s bid for independence.

The volume of transactions involving Spanish targets surged 83 percent to $62 billion this year, according to data compiled by Bloomberg, with the economy set to expand by at least 3 percent for the third straight year. Since shaking off the worst recession in its recent history, Spain has weathered terrorist attacks, the failure of a major lender and a 10-month impasseBloomberg Terminal with no government last year without breaking stride.