The value of M&A transactions on the local market in 2015 reached EUR 3.07 billion, a sturdy advance over the EUR 2.24 billion registered in 2014, according to a study by Emerging Markets Information Service (EMIS), as quoted by Agerpres.
Though the number of transactions was lower last year (119, as compared to 131 in 2014), operations were higher and compensated for the lack, such as UniCredit taking over the rest of shares from UniCredit Tiriac, a transaction estimated at about EUR 700 million.
“The most attractive sectors for acquisitions in 2016 will continue to be manufacturing, financial services institutions, IT&C and the real estate sector,” said Horea Popescu, a partner at CMS Romania.
Across CEE, both the number of mergers and acquisitions and their value decreased in 2015 compared to 2014, while the global M&A market reached a new high. Transactions fell to EUR 53.8 billion in 2015 from EUR 62.8 billion in 2014, on the back of political shocks and economic tensions in Ukraine and Greece’s debt crisis.
Manufacturing was once more the main sector, with 343 transactions, followed by the IT&C and the real estate sectors with 298 and 263 mergers and acquisitions, respectively.
The largest transaction concluded at regional level in 2015 was in Turkey, where Finansbank was taken over by QNB in Quatar for EUR 2.8 billion. Russia was responsible for 32 percent of transactions across the CEE, and for 35 percent of the total value of M&As.