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A graphical analysis shows that, for Canada, the impact of Brexit on M&A will be particularly pronounced. Over the past three years, acquisitions in Britain represented 45 per cent of all M&A in the European Union. While the German economy, by GDP, is 20 per cent larger than Britain's, language and historical ties have made Britain our greatest transaction destination by far. Annually, Britain attracts $20.2-billion in Canadian M&A deals, compared with $24.8-billion for the rest of the EU combined.

Lexpert editor David Dias reports at www.lexpert.ca.

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