ZF English

Ioana Filipescu, Raiffeisen: Even if the economy grows, investors will not rush in

Autor: Ioana David

15.12.2010, 23:01 13

2011 will be an extension of this year on the M&A market,namely investors' perception about Romania will be "bad" and itwill be a while until the "light at the end of the tunnel" becomesvisible, believes Ioana Filipescu, managing director of RaiffeisenInvestment Romania and one of the best-known M&A consultants inRomania.
"Investment appetite does not return suddenly. If the economicgrowth pattern changes a little, this does not mean investors willbe rushing in. M&A deals tend to take increasingly more time sothat we cannot expect any miracles next year on the market," shesaid in an interview with ZF.
Though several deals have been announced lately, Filipescu believesthis does not amount to a market rebound, but rather to investorsmaking haste toward yearend.
"I believe the deals that have been completed during this period(the last few months of 2010 i.e.) have more to do with the factthat the year is ending and less with optimism. Buyers operate withsome budgets. It's only logical that deals started a while agoshould be concluded ahead of the yearend," maintains IoanaFilipescu.

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