The Wall Street Journal reported deal volume in Europe, the Middle East and Africa, known as EMEA, is up 22% to $332.2 billion so far this year compared with the same period in 2014, according to data tracker Dealogic.

The Journal said further the volumes have been boosted by megadeals such as Royal Dutch Shell PLC’s planned merger with BG Group PLC, valued at nearly $70 billion; Finnish telecom-equipment maker Nokia is in talks to buy French rival Alcatel-Lucent SA.

However, European deal volume accounts for 31% of global M&A, while the U.S. accounts for more than 46%, the Journal reported about Dealogic findings.

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