This thesis aims at analyzing the key drivers and success factors for external growth through Mergers and Acquisitions (M&A) in the European banking sector.
After explaining the theoretical background of Mergers and Acquisitions (Chapter 2), it examines the risks of consolidation (Chapter 3), followed by a look at the post-merger integration (Chapter 4) as a key success factor.
In Chapter 6, the UCI/HVB and Banco Santander/Abbey acquisitions are analyzed as examples of cross border mergers. Emphasis is put on the logic behind the operations, recent results and strategic impact. Key observations from the case studies are summarized.