The domestic M&A market amounted to a little more than 23meuros in the first quarter of this year, down 87% from a year ago,according to the data provided by mergermarkets, a firmspecialising in M&A activity research.
The biggest deal sealed domestically in the first quarter wasthe takeover by ElDore Mining Corporation Australian group of Băiţacopper mine of Ştei, Bihor county, for 15m euros.
The second largest deal in terms of value completed this yearwas the acquisition of Euroticket ticket issuer by Edenred (theformer Accor Services Romania), in the wake of 5.5m-euroinvestments, show the data provided by the same source. These werethe only deals whose value was disclosed and that were taking intoaccount by mergermarkets.
"The M&A market is still numb. I am looking at least year'sdeals: there were very few deals with substantial financial valueand for this year, except the sale of the minority stake in Petromand the real estate market, I believe the value of deals will reach50-75m euros, strictly referring to the equity component, withoutthe debts taken over by the new owners," says Guy Verduystert,founder of The Counsel, which assisted Dugăeşescu family when theysold a stake in Dumagas to Bancroft investment fund.
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