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Industry consolidation in Europe has still a long way to go, the activity level at the moment is high but far away from the peak, meaning that deal premiums as well as M&A activity will grow in the next couple of years.

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    Who said: "Just as courage imperils life; fear protects it"?
    A Ernest Hemingway
    B Mahatma Gandhi
    C Leonardo da Vinci
    D George Washington