May 31, 2017 / 5:39 PM / 3 months ago

Goldman president says companies shying away from large deals

May 31 (Reuters) - Uncertainty around tax policy and political events such as the elections in Europe are preventing companies from pursuing large M&A transactions, Goldman Sachs Group Inc president and co-chief operating officer David Solomon said on Wednesday.

Deal momentum overall feels better in the last month than earlier in the year, Solomon said, speaking at Deutsche Bank's Global Financial Services Conference in New York City.

Overall, M&A activity is up around 6 percent, he said, compared to the prior year.

Reporting by Olivia Oran in New York

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