Mezzanine popularity high across Europe

Europe's mezzanine finance market is growing, according to figures released by Initiative Europe's European Mezzanine Review. The report reveals that nearly E1bn of mezzanine was invested in the first six months of this year, compared with E1.5bn in the second half of last year. In terms of volume, mezzanine investment totalled E2.5bn across 74 European deals in the 12 months to the end of June 2004, as compared with E5bn across 121 deals in the preceding 12 months.

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