The market of mergers and acquisitions (M&A) in Romania has registered 109 tradings in Q1 2022, up by 25% against the similar period of last year, shows an analysis made by EY, consultancy company.Despite the high volume of tradings, the estimated value of local activity for mergers and acquisitions was lower year in year out, at 2.5 billion dollars, against 4.2 billion dollars in Q1 2021, as a result of a drop of 51% of the value of the tradings, says EY.‘The acquisition of the auto producer Ford Romania by Ford Otosan the Netherlands for 785 million USD was the biggest trading in this period, followed by the acquisition of a portfolio of NPL in Romania by APS Holdings Corporation from Bank of Cyprus, for 158 million USD, the acquisition of the wind park Beta Wind by Energias of Portugal, through its subsidiary EDP Renovaveis, for 136 million USD and the acquisition of EXPO Business Park by S IMMO for 108 million USD’ the press release says.According to the consultants, the strategic investors continue to be the main actors of the markets for mergers and acquisitions in Romania, representing 89% of the tradings.Domestic tradings registered an advance of 45% in Q1 2022 against the same period of last year, with a total of 55 tradings, while the foreign players increased their activity with only 9% on the Romanian market (49 tradings) against the same period of the previous year. As regards the source, most active investors were from the US (five tradings), followed by the investors from the Netherlands, Poland, Belgium and the UK (each four tradings). The most active sectors depending on the volume of tradings drawn are still technology (15 tradings) and the real estate sector (12 tradings) followed by diversified industrial products (6 tradings), health (5 tradings) and tele-communications, media and entertainment and energy and utilities (four tradings each).At global level, despite the geopolitical trouble and financial ones, the activity of merger and acquisitions in the first part of 2022 was resilient, according to the analysis made by EY. In the first part of the yea there were 2,274 tradings, with a total value of 2.203 trillion dollars.EY is a company of professional services at global level, with 312,250 employees in over 700 offices in 150 countries and income of approximately 40 billion dollars in the fiscal year closed on 30th June 2021.
Liberty Galați, the largest integrated steel producer in Romania, has appointed Cornel Moisescu as Head of Primary for Liberty Galați, part of its strategy to restart production operations and "ensure steel for the strategic economic sectors of Romania, including defense, shipbuilding, construction, and infrastructure," it said. Cornel Moisescu will coordinate the Sinter Plant, Blast Furnace, […]
The United States Immigration Service and the Romanian Ministry of Internal Affairs announced the establishment of a Transnational Criminal Investigative Unit, as agreed upon since 2023. "Romania and the United States of America continue to strengthen their strategic partnership in the field of national security, with a focus on combating cross-border crime. For this purpose, […]
The American group Greenbrier is closing its factory in Arad, which employs nearly 800 people. The group operates three factories in Romania, including Astra Rail Industries in Arad, a railcar manufacturer. The decision comes after "difficult and accelerated challenges on the local market,” first made explicit last year, when employees protested. The American company now […]
RPIA – the Romanian Photovoltaic Industry Association – is pleased to announce the organization of the EPC Masterclass: Business Growth & Innovation in Renewable Energy Projects, a workshop dedicated to the EPC sector, taking place as part of Green Energy Expo & Romenvirotec (April 9–11) at Romexpo, Bucharest. The event will be held on April […]
The NATO exercise “Dacian Spring 25,” which was meant to simulate the defense of Romania, was postponed as the local authorities failed to modernize five roads along with two bridges and two culverts that were to be used during the exercise, Europa Libera reported. Dacian Spring 25 was meant to...
Paul-Philippe of Romania, sentenced to 3 years and 4 months in prison in Romania in the case regarding the illegal restitution of the Băneasa Farm, was placed under house arrest in Paris on Monday, April 7, following a European arrest warrant issued by the Romanian authorities. The Brașov Court of Appeal requested the SIRENE Bureau […]
