Hungarys M&A market halves in Q1 2012.

By bne IntelliNews May 7, 2012
The value of Hungary's mergers and acquisition deals declined by 50% to HUF 57bn (EUR 200mn) in the first quarter of 2012, Hungary Around the Clock reported citing data from MergerMarket. The number of M&A deals in the period dropped by 27% y/y to 24. The largest transaction was the sale of Fortis Private Equity to a company owned by Kristof Nobilis. Book retailer Libris purchase of a 50% stake in publisher Helikon and an 80.5% stake in entertainment listings website Port.hu followed. Hungarys M&A market contracted 29% y/y to USD 1.8bn in 2011, data from consultancy Ernst & Young showed earlier.

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