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Potential buyers competed to snap up Australian retailer David Jones recently.
Potential buyers competed to snap up Australian retailer David Jones recently.
(DAVID GRAY/REUTERS)

Australia’s foreign-fuelled deal frenzy shows no signs of slowing

Australian deal makers have sprung back to life. Merger activity Down Under is on course for its busiest year since 2011. Foreign buyers are leading the charge while a flurry of asset sales by cash-constrained local governments has helped to prop up volumes. As corporate confidence picks up, the recovery should continue.