It said 106 deals were closed in Romania last year, down 5% from 112 deals in 2009.
“This trend was in line with all CEE countries where 22% decrease was experienced from 2009 to 2010,” the survey noted.
Ernst&Young said transaction value was disclosed for only 46% of the deals made in 2010, slightly lower than 50% a year earlier.
“Based on our estimates (…), the size of the mergers and acquisitions market in Romania decreased by 20% to $3 billion in 2010, from $3.5 billion in 2009,” the survey noted.
The number of deals with a value of over $100 million remained unchanged in 2010 compared with the previous year.
Romanian companies closed only two deals outside the borders in 2010, while foreign investors completed 31 transactions on the local market.
In terms of value, the real estate sector was the largest in 2010, followed by telecom and media sectors, the survey said.
The largest transaction was made by Austrian realtor CA Immo International, which paid $363 million for investment fund Europolis.