Romania’s mergers and acquisition market remained around EUR 1.2bn for a third year in a row in 2013, according to M&A Report 2013/14 report of law firm CMS and DealWatch service. The precise figure for last year is EUR 1.18bn.
CMS experts are rather optimistic in regard to the market developments this year after a positive trend has consolidated through the last months of last year.
There was a marginal decline in the country’s M&A market in 2013 compared to a year earlier but the volume of small deals, on the opposite, slightly increased. Thus, the volume of deals excluding the large ones reached EUR 1bn in 2013, driven marginally up on the year by the deals in the financial, manufacturing, energy, agriculture and TMT [technology, media and telecommunications] sectors.
For the whole emerging Europe region [Russia and Turkey included], the CMS-DealWatch report expects also a certain recovery this year after the 18% contraction to EUR 112bn in 2013. Last year, Russia accounted for 62% of the region’s M&A market volume.
Romania’s government has appealed to the Constitutional Court after President Klaus Iohannis refused to endorse the government’s request to dismiss anti-corruption head Laura Codruta ... more
The Al Dahra Group of the United Arab Emirates (UAE) wants to purchase nearly 60,000 hectares of agricultural land along the Danube River, develop a logistics company including water and road ... more
Romanian President Klaus Iohannis said on April 16 he is rejecting a request from the justice minister to dismiss the head of the National Anticorruption Directorate (DNA), Laura Codruta Kovesi. ... more