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European M&A is picking up but credit quality holds for now, says S&P

European mergers and acquisitions (M&A) activity has picked up substantially in 2014 and already looks set to surpass the 10-year European average for the first time since 2007, says Standard & Poor's Ratings Services. With around USD373 billion booked in 2014, deal flow is comfortably exceeding 2013's relatively subdued totals.

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