The domestic M&A market amounted to a little more than 23m euros in the first quarter of this year, down 87% from a year ago, according to the data provided by mergermarkets, a firm specialising in M&A activity research.
However, at a regional level the market reached 27.6bn euros, the highest first quarter value since the 2001 record, according to the same source.
The biggest deal sealed domestically in the first quarter was the takeover by ElDore Mining Corporation Australian group of Băiţa copper mine of Ştei, Bihor county, for 15m euros.
The second largest deal in terms of value completed this year was the acquisition of Euroticket ticket issuer by Edenred (the former Accor Services Romania), in the wake of 5.5m-euro investments, show the data provided by the same source. These were the only deals whose value was disclosed and that were taking into account by mergermarkets.
"The M&A market is still numb. I am looking at least year's deals: there were very few deals with substantial financial value and for this year, except the sale of the minority stake in Petrom and the real estate market, I believe the value of deals will reach 50-75m euros, strictly referring to the equity component, without the debts taken over by the new owners," says Guy Verduystert, founder of The Counsel, which assisted Dugăeşescu family when they sold a stake in Dumagas to Bancroft investment fund.
The domestic M&A market amounted to a little more than 23m euros in the first quarter of this year, down 87% from a year ago, according to the data provided by mergermarkets, a firm specialising in M&A activity research.
However, at a regional level the market reached 27.6bn euros, the highest first quarter value since the 2001 record, according to the same source.
The biggest deal sealed domestically in the first quarter was the takeover by ElDore
