Trema announced the acquisition of Abovo Consulting (Finland). Abovo Consulting, previously a key component of Ernst & Young’s Global Treasury Competence Center, will initially continue to operate as a separate business unit. The organization will continue to serve existing clients in developing finance and risk management related strategies and optimal solutions to meet specific current and future needs. With Abovo and new Business-to-Business eFinance solutions, the Trema Group will work with its clients to enable them to fully realize the value of developing internet and mobile commerce. Abovo’s recent projects include a full-scale post-merger treasury integration of two multinational energy companies, the review of market risk management principles and the definition of risk adjusted performance measurement for a major Nordic bank, and the establishment of a European Treasury Center including Europe-wide cash management procedures for a U.S. consumer goods company.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.