Czechia has its best year for cross-border mergers since 2008

Czechia has its best year for cross-border mergers since 2008
Czechia has its best year for cross-border mergers since 2008 in 2017 / wiki commons
By bne IntelliNews August 29, 2018

Czechia had its best year for cross-border mergers since 2008 in 2017, the Czech business site E15 reported on August 28.

According to consultancy TPA, which covers mergers in Czechia since 2008, there were 45 cross-border mergers in 2017 – up by 15% year-on-year.

The boom in Central and Eastern Europe (CEE) has been driving the record deal making. Slovakian companies lead the league tables in terms of the number of deals with 69 firms completing mergers since 2008.

“Most cross-border mergers are happening between connected persons. The reasons are restructuring of a group, lowering the cost of managing and administrating or synergic effects from merging. Other reasons might be financial or tax,” TPA Group partner Jana Skalova said.

Since 2008, as many as 134 foreign companies came to Czechia via mergers and 108 left. Between 2012 and 2016, the number of companies coming was higher than those leaving, but in 2017 this ratio turned.

Most of the merging companies are micro (37 firms) or small (24 firms). The second and third places for the origin of inbound companies were held by Cyprus and the Netherlands.

News

Dismiss