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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

CMS: Romania’s M&A market to halve in 2020 unless something happens in H2

The local M&A market will halve in 2020 to only EUR 2 billion, if it is not saved by the signing of a big deal in the second half, such as the sale of CEZ's assets, according to Horea Popescu, partner of the law firm CMS Romania and coordinator of the Corporate M&A practice in Central and Eastern Europe, quoted by Ziarul Financiar.

The M&A market in the region shrank by about one third in the first half, and Romania has not escaped this trend.

The number of deals involving Romanian companies or regional companies focused on Romania was only 20.

In 2019, 150 deals with a cumulative value of EUR 4 bln were reported.

Although many executives say that the market will not reach the pre-pandemic level before 2023, there are still deals to be signed, as there are investors who see opportunities in the current crisis.

"Despite a promising start of the year, the M&A market in the region has been significantly affected by the pandemic. The appetite for transactions was almost frozen due to the shock generated in the economy by the global lockdown and the short and medium-term concern about the pandemic's evolution. As a reaction, a series of deals were either frozen or postponed," says Horea Popescu.

CMS prepares annually, together with the Mergermarket platform, a report on the European M&A market.

(Photo: Mr Phonwalat Chaicheevinlikit/ Dreamstime)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

CMS: Romania’s M&A market to halve in 2020 unless something happens in H2

The local M&A market will halve in 2020 to only EUR 2 billion, if it is not saved by the signing of a big deal in the second half, such as the sale of CEZ's assets, according to Horea Popescu, partner of the law firm CMS Romania and coordinator of the Corporate M&A practice in Central and Eastern Europe, quoted by Ziarul Financiar.

The M&A market in the region shrank by about one third in the first half, and Romania has not escaped this trend.

The number of deals involving Romanian companies or regional companies focused on Romania was only 20.

In 2019, 150 deals with a cumulative value of EUR 4 bln were reported.

Although many executives say that the market will not reach the pre-pandemic level before 2023, there are still deals to be signed, as there are investors who see opportunities in the current crisis.

"Despite a promising start of the year, the M&A market in the region has been significantly affected by the pandemic. The appetite for transactions was almost frozen due to the shock generated in the economy by the global lockdown and the short and medium-term concern about the pandemic's evolution. As a reaction, a series of deals were either frozen or postponed," says Horea Popescu.

CMS prepares annually, together with the Mergermarket platform, a report on the European M&A market.

(Photo: Mr Phonwalat Chaicheevinlikit/ Dreamstime)

[email protected]

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