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	<title>Transactions Blog &#187; M&amp;A</title>
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	<description>Our experts&#039;comments on Mergers and Acquisitions</description>
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		<title>The Netherlands in search for € 18 billion through limitation of interest deductibility on acquisition debt</title>
		<link>http://www.pwcblogs.be/transactions/2011/11/the-netherlands-in-search-for-e-18-billion-through-limitation-of-interest-deductibility-on-acquisition-debt/</link>
		<comments>http://www.pwcblogs.be/transactions/2011/11/the-netherlands-in-search-for-e-18-billion-through-limitation-of-interest-deductibility-on-acquisition-debt/#comments</comments>
		<pubDate>Thu, 03 Nov 2011 07:39:04 +0000</pubDate>
		<dc:creator>Christian Van Craeyvelt</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Dutch Budget]]></category>
		<category><![CDATA[interest deductibility]]></category>
		<category><![CDATA[leveraged finance]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
		<category><![CDATA[restructuring]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[tax structuring]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=868</guid>
		<description><![CDATA[Introduction 29.983.000.000 EUR (5,2% of GDP), that is the number on which the Dutch government’s deficit landed in 2010.[1] In order to seal this gap, the Dutch government recently announced a plan containing a variety of structural measures to save up to € 18 billion between 2012 and 2015.[2] Specific for the M&#38;A field, one [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2011/11/the-netherlands-in-search-for-e-18-billion-through-limitation-of-interest-deductibility-on-acquisition-debt/' addthis:title='The Netherlands in search for € 18 billion through limitation of interest deductibility on acquisition debt ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Emerging opportunities: Financial Services M&amp;A in Asia 2011</title>
		<link>http://www.pwcblogs.be/transactions/2011/10/emerging-opportunities-financial-services-ma-in-asia-2011/</link>
		<comments>http://www.pwcblogs.be/transactions/2011/10/emerging-opportunities-financial-services-ma-in-asia-2011/#comments</comments>
		<pubDate>Mon, 17 Oct 2011 10:59:34 +0000</pubDate>
		<dc:creator>Katrien Persoons</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[emerging markets]]></category>
		<category><![CDATA[financial services]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=856</guid>
		<description><![CDATA[Globally, financial services are undergoing unprecedented change.  At the same time, the eastward shift of economic power gives Asian financial services markets stronger growth potential than that of any other region.  As a result M&#38;A is becoming an ever more important strategic tool for financial institutions in Asia. Report key findings: Economic and demographic factors [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2011/10/emerging-opportunities-financial-services-ma-in-asia-2011/' addthis:title='Emerging opportunities: Financial Services M&#38;A in Asia 2011 ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt Market Update &#8211; Q1 2011</title>
		<link>http://www.pwcblogs.be/transactions/2011/02/debt-market-update-q1-2011/</link>
		<comments>http://www.pwcblogs.be/transactions/2011/02/debt-market-update-q1-2011/#comments</comments>
		<pubDate>Wed, 16 Feb 2011 09:09:47 +0000</pubDate>
		<dc:creator>Sebastien Gabay</dc:creator>
				<category><![CDATA[Publications]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Debt Markets]]></category>
		<category><![CDATA[M&A]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=796</guid>
		<description><![CDATA[Simon Boadle, Head of Debt Advisory, said &#8220;Though 2010 was not without significant hurdles including the euro-zone debt crisis, the debt markets found a path through to post a strong year with a robust pipeline entering Q1 2011.&#8221; The high yield market continued to lead the way with record issuance driven by investor demand for [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2011/02/debt-market-update-q1-2011/' addthis:title='Debt Market Update &#8211; Q1 2011 ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt Markets Update Autumn 2010</title>
		<link>http://www.pwcblogs.be/transactions/2010/10/debt-markets-update-autumn-2010/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/10/debt-markets-update-autumn-2010/#comments</comments>
		<pubDate>Fri, 22 Oct 2010 07:10:38 +0000</pubDate>
		<dc:creator>Sebastien Gabay</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Publications]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[leveraged finance]]></category>
		<category><![CDATA[M&A]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=728</guid>
		<description><![CDATA[Despite previous uncertainty in the debt markets, Central Banks continue to be proactive to limit the chances of a double dip recession. The UK corporate loan market was lifted by the return of large cap M&#38;A, with banks providing strong support for BHP Billiton&#8217;s bid for Potash Corp through a US$45 billion loan facility. Strong, [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/10/debt-markets-update-autumn-2010/' addthis:title='Debt Markets Update Autumn 2010 ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy: General trends in global M&amp;A and the rising influence of Emerging Markets</title>
		<link>http://www.pwcblogs.be/transactions/2010/10/ma-academy-general-trends-in-global-ma-and-the-rising-influence-of-emerging-markets/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/10/ma-academy-general-trends-in-global-ma-and-the-rising-influence-of-emerging-markets/#comments</comments>
		<pubDate>Thu, 14 Oct 2010 12:37:54 +0000</pubDate>
		<dc:creator>Katrien Persoons</dc:creator>
				<category><![CDATA[Presentation]]></category>
		<category><![CDATA[emerging markets]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[mergers and acquisitions]]></category>
		<category><![CDATA[Private Equity]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=719</guid>
		<description><![CDATA[Our fourth season of the M&#38;A Academy took off today, the 14th of October. We started with a session given by Chris Hemmings, Global Head of Corporate Finance who talked about general trends in global M&#38;A and the rising influence of Emerging Markets. Some key messages we learned during this presentation is that Western companies [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/10/ma-academy-general-trends-in-global-ma-and-the-rising-influence-of-emerging-markets/' addthis:title='M&#38;A Academy: General trends in global M&#38;A and the rising influence of Emerging Markets ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Book &#8211; Tax restructuring in the EU</title>
		<link>http://www.pwcblogs.be/transactions/2010/09/book-tax-restructuring/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/09/book-tax-restructuring/#comments</comments>
		<pubDate>Wed, 15 Sep 2010 12:38:37 +0000</pubDate>
		<dc:creator>Katrien Persoons</dc:creator>
				<category><![CDATA[Publications]]></category>
		<category><![CDATA[cross-border]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
		<category><![CDATA[restructuring]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=724</guid>
		<description><![CDATA[Whether you’re making an acquisition or looking for opportunities to simplify your group structure within the EU, this guide is intended to help you navigate the complexities of cross-border reorganisations. The book provides information on the technical fiscal aspects of the directive and an overview of its implementation within each member state. You will also [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/09/book-tax-restructuring/' addthis:title='Book &#8211; Tax restructuring in the EU ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2010/09/book-tax-restructuring/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy: &#8220;HR Integration after a merger, a practical example&#8221;</title>
		<link>http://www.pwcblogs.be/transactions/2010/05/ma-academy-hr-integration-after-a-merger-a-practical-example/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/05/ma-academy-hr-integration-after-a-merger-a-practical-example/#comments</comments>
		<pubDate>Mon, 03 May 2010 09:37:19 +0000</pubDate>
		<dc:creator>Sophie Van Durme</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Presentation]]></category>
		<category><![CDATA[HR integration]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=609</guid>
		<description><![CDATA[The 7th and last session of this year’s M&#38;A Academy cycle took place on 29 April looking at “HR integration after a merger”. Turbulent economic times are making many organisations undertake a transaction, whether a merger, an acquisition, a divestiture, a carve-out or a spin-off. Every transaction creates turmoil, uncertainty and opportunities for people. Peter [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/05/ma-academy-hr-integration-after-a-merger-a-practical-example/' addthis:title='M&#38;A Academy: &#8220;HR Integration after a merger, a practical example&#8221; ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2010/05/ma-academy-hr-integration-after-a-merger-a-practical-example/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy: &#8220;How can real estate become a financing means for your company today?&#8221;</title>
		<link>http://www.pwcblogs.be/transactions/2010/03/ma-academy-how-can-real-estate-become-a-financing-means-for-your-company-today/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/03/ma-academy-how-can-real-estate-become-a-financing-means-for-your-company-today/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 13:33:10 +0000</pubDate>
		<dc:creator>Sophie Van Durme</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Presentation]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[acquisitions]]></category>
		<category><![CDATA[financing]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[M&A Academy]]></category>
		<category><![CDATA[mergers]]></category>
		<category><![CDATA[OpCo]]></category>
		<category><![CDATA[PropCo]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=588</guid>
		<description><![CDATA[Market studies chave shown that over the last years the total accounting value of all lands and buildings of the 30.000 biggest BelCo&#8217;s amounts to EUR 50 billion. When you know that the market value of said assets equals minimum 3 times their accounting value, this represents a dramatic hidden value in the current market [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/03/ma-academy-how-can-real-estate-become-a-financing-means-for-your-company-today/' addthis:title='M&#38;A Academy: &#8220;How can real estate become a financing means for your company today?&#8221; ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2010/03/ma-academy-how-can-real-estate-become-a-financing-means-for-your-company-today/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Simplification of merger procedure</title>
		<link>http://www.pwcblogs.be/transactions/2010/03/simplification-of-merger-procedure/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/03/simplification-of-merger-procedure/#comments</comments>
		<pubDate>Tue, 02 Mar 2010 08:41:57 +0000</pubDate>
		<dc:creator>Karin Winters</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[auditor]]></category>
		<category><![CDATA[companies code]]></category>
		<category><![CDATA[demerger]]></category>
		<category><![CDATA[European Directive]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[merger procedure]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
		<category><![CDATA[report]]></category>
		<category><![CDATA[restructuring]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=568</guid>
		<description><![CDATA[Since 25 January 2010, it is possible to carry out all types of mergers without the intervention of an independent expert (i.e. the company’s statutory auditor, or an auditor/external accountant if no statutory auditor has been appointed). Articles 695 and 708 of the Belgian Companies Code (“BCC”), modified following implementation of the European Directive 2007/63/EC, [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/03/simplification-of-merger-procedure/' addthis:title='Simplification of merger procedure ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy &#8211; &#8220;Tax implications of business restructuring&#8221;</title>
		<link>http://www.pwcblogs.be/transactions/2010/02/ma-academy-tax-implications-of-business-restructuring/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/02/ma-academy-tax-implications-of-business-restructuring/#comments</comments>
		<pubDate>Thu, 25 Feb 2010 13:46:27 +0000</pubDate>
		<dc:creator>Sophie Van Durme</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Presentation]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[business restructuring]]></category>
		<category><![CDATA[corporate finance]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
		<category><![CDATA[restructuring]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=561</guid>
		<description><![CDATA[2008 and 2009 are challenging times for the M&#38;A market due to the lack of available funding. Many investors and international groups are looking for cost-cutting opportunities and cash optimisation. During the 5th session of our M&#38;A Academy, we tried to evaluate how reshaping your conventional business model towards a more flexible structure can help [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/02/ma-academy-tax-implications-of-business-restructuring/' addthis:title='M&#38;A Academy &#8211; &#8220;Tax implications of business restructuring&#8221; ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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