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Ernst & Young: Value of M&A deals in 2012 in Slovakia grew
22 Feb 2013 Flash News
The Slovak Republic, Turkey, Greece, Poland and the Czech Republic recorded a year-on-year increase in the number of transactions in mergers and acquisitions. However, in eleven CEE countries their number dwindled 1.8 percent and the overall estimated value of the M&A market recorded a year-on-year drop by 17.6 percent, according to the CEE mergers and acquisition chart prepared by Ernst & Young.
The total value of M&A transactions carried out in Slovakia was higher than in 2011 owing to the biggest transaction - the acquisition of the SPP minority stake by Energeticky a prumyslovy Holdings (EPH). Further transactions included the acquisition of Aupark Tower by the US company Heitman European Property Partners IV, the acquisition of a 100-percent stake on TK Logistics by the company American Washington Penn Plastic's Co., and the acquisition of a 50-plus stake in Asseco Central Europe by the company Asseco Poland. Also the acquisition of Austrian Volksbank International AG by the Russian Sberbank in nine CEE countries including Slovakia is worth mentioning, says Ernst & Young as quoted by the SITA newswire.
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