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Romanian M&A market increases 250 percent to $2.1 billion

Staff writer |
The Romanian M&A market recorded the most significant increase among the 11 countries in Central and South East Europe (CSE).

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The estimated total value of transactions went from $0.6 billion in H1 2014 to $2.1 billion in the first half of 2015, according to the study by EY, the M&A Barometer.

This spectacular rise of 250 percent year on year was mainly due to the fact that Romania also recorded the highest transaction in the CSE region this year – the acquisition of UniCredit Tiriac Bank by UniCredit SpA Italy, for over $770 million.

Meanwhile, the number of transactions increased from 68 in the first half of 2014 to 81 deals in the first half of the year. In terms of value of transactions, the most attractive sectors in Romania were the energy and mining sectors, according to the report results.

In the first half, the majority of transactions were concluded by strategic investors, accumulating 80 percent of all transactions in our country. The Romanian M&A market was again dominated by inbound transactions, 62 percent of transactions involving foreign companies who bought local ones.

Only 8 percent of transactions made public were made by Romanian investors who acquired foreign companies – one of the lowest percentages in the region -, while the remaining 30 percent of transactions were internal M&A, in which both the buyer and the target originated in Romania.

Most inbound transactions were made by investors from the United States (6) and the Netherlands (6), followed by investors from Cyprus (4), Great Britain (4), Italy (3) and the Czech Republic (3).

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