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March 24, 2023

E&Y: Mergers and acquisitions market doubled in the first five months

The estimated value of the mergers and acquisitions (M&A) conducted in Romania during January-May this year amounts to USD 800 M, almost twice the sum registered a year ago, although the number of transactions dropped from 59 to 52, according to Ernst&Young (E&Y) sources quoted by Mediafax. The transactions whose values were announced by the involved sides amounted to USD 330 M in total, against USD 216 M in January-May 2011. By extrapolation, E&Y estimates for the first five months a total market of USD 798 M, against USD 408 M in the first five months of 2011. The average value per transaction increased from USD 20 M to more than USD 30 M. “The biggest transaction was the takeover of the chemical plant Azomures by the Swiss trader of fertilisers and cereals Ameropa Holding, against an undisclosed sum. According to market data, the transaction must have certainly exceeded EUR 100 M,” E&Y Romania partner Cornelia Bumbacea says. Other important transactions are the takeover of Lehliu-based Prio factory by US edible oil producer Bunge (EUR 50 M), as well as the acquisition of Rombat. “Financial investors were not present in the market. We expect them to be more present in the future,” Bumbacea explains.

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