about us | newsletter | contact | archive | members area
Mirela Iordan, Pfizer Romania
"We expect policy measures aimed at increasing the health status of the population to be»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Deloitte: The M&A market has doubled in the first half of the year

The M&A market in Romania has reached 889 million Euro in the second quarter of the year according to public sources and disclosed transactions, more than double compared to the first quarter, an analysis by Deloitte Romania has revealed. The total number of relevant transactions was 19. Compared to the similar period last year, in 2017 the number of transactions grew by one and the disclosed value has increased three times.

2017-07-13 15:19:58

The average transaction size in the quarter was 68 million Euro, due to the large impact of the top three transactions. After reviewing the transactions with undisclosed or publicly estimated value, Deloitte's best guess on the total Romanian M&A market value in the second quarter of 2017 is in the 950 million - one billion Euro range.
In the first half of the year, the Romanian M&A market has reached 1.28 billion Euro, double as compared to the first half of 2016. The total number of announced M&A deals has reached 49 (versus 38 in the first six months of 2016).

"We have seen a very good quarter for the M&A activity in Romania, in line with our expectations driven by the favourable macroeconomic environment and solid results posted by the Romanian companies," said Ioana Filipescu, M&A partner Deloitte Romania. "Currently, Romania is an exciting destination in many sectors, especially in financial services, retail & consumer, healthcare and industrial products. We expect the increasing trend in the M&A market to continue during the second half of the year.

The largest transaction in this quarter, which has skewed the aggregate data, but has not reached the size necessary to be classified as mega-transaction is the 401 million Euro acquisition of 13.6 per cent of E-Distributie Muntenia and Enel Energie Muntenia by Enel, following the conclusion of the international arbitration regarding to the privatization of Electrica Muntenia Sud.

The second largest transaction is the announcement of the long-rumoured acquisition of the AFI Park office buildings by Dedeman, with an estimated value of 164 million Euro. The third largest transaction of the quarter is the sale of 50 per cent of the business of Iulius Holding to Atterbury Romania. According to Deloitte estimations, the value of the transaction was 150 million Euro based on a 300 million Euro-estimated value of the target assets.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5286 Views
Daily Info
Corneliu Bodea was reappointed as president of Romanian Energy Center

Corneliu Bodea was reappointed as president of Romanian Energy Center (CRE) with 244 votes, being the only candidate. His new mandate will last until September 2020.

Zacaria develops the first private industrial park in Craiova

The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, the Romanian real...

FIC: High growth without infrastructure is not possible in the long run

The Foreign Investors Council (FIC) believes infrastructure is key for Romania's future development and it is also one of the three pillars Romania must focus on if it is to b...

Superbet bonds start trading on Bucharest Stock Exchange

Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by B...

Michele Abbate was appointed as new CEO of Enel Energy and Enel Energy Muntenia

Michele Abbate is the new CEO of Enel Energy and Enel Energy Muntenia, the two companies owned by the Enel group in Romania.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

EU bank supports expansion of Regina Maria private healthcare network in Romania

The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is ...

Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

Chinese delegation seeks investment opportunities in Romania

Prime Minister Mihai Tudose discussed at the Victoria Governmental Palace on Thursday about the opportunities to invest in Romania with an official delegation of the People...