Spectator on facebook

Spectator on facebook

Ernst & Young: Value of M&A deals in 2012 in Slovakia grew

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 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.

(Source: SITA)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Employee of the ministry’s agency accused of corruption

If found guilty, the employee of the Agricultural Paying Agency may spend up to eight years in prison for taking a bribe.

Sagan wins first race of 2017 Video

The Slovak cyclist triumphed at the second race of the Belgian classics.

Peter Sagan

Queues rigged at foreigners’ police, say clients

Not our problem, say police, who blame ‘cultural specifics’ and ‘habits’ of foreigners.

Queue in front of the foreigners' police department in Bratislava.

Legendary Luna bar to reopen Photo

The programme in the bar will focus on retro and oldies.

Luna Bar in the Kyjev Hotel