A total of 276 M&A deals were transacted in Poland last year, fewer than in Turkey (297) but more than in the Czech Republic (155), according to a report by Ernst & Young.
In terms of value, Poland came in a close third, with M&A deals worth a total value of $8.02 billion, behind Turkey and the Czech Republic.
Less money than last year
But despite the high ranking, Poland saw a significant decrease in the value of deals from 2011, when it amounted to $21.2 billion. The decline is mainly attributable to the lack of blockbuster transactions, of which there were several in 2011, E&Y said (the number of total transactions in 2011, at 254, was smaller than in 2012).
|Source: Ernst & Young|
“It should be noted that the drop in value of transactions in Poland is connected with the fact that a year earlier particularly valuable mergers and acquisitions were carried out, mainly the takeover of Polkomtel,” said Brendan O’Mahony, a managing partner at Ernst & Young.
The majority of M&A deals in Poland last year were carried out in the industrial sector, but the highest-value transactions took place in the banking and insurance sectors, namely the takeover of Kredyt Bank by Banco Santander and the takeover of insurer Warta by Talanx.
In Poland, 90 percent of the mergers and acquisitions were carried out with the help of strategic investors. The most active investors hailed from the United States, Germany and the United Kingdom.
M&As down in region
The survey was carried out in 11 countries: Bulgaria, Croatia, the Czech Republic, Greece, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Turkey. Only in the Czech Republic, Greece, Poland, Slovakia and Turkey did the M&A market grow in 2012, while throughout the region it shrunk by 17.6 percent.
In total, 1,108 merger and acquisition transactions took place in the countries surveyed, amounting to a cumulative value of $41.8 billion.
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