In 2012, local transactions reached a total of $788 million, Ernst&Young said in its latest M&A Barometer for the Romanian market.
It said 147 deals were closed in Romania last year, up from 114 deals in 2012.
Transaction value was disclosed only for 57 deals, resulting in a disclosure rate of 39%, down 4% comparing with 2012.
“The Romanian transaction market was dominated by domestic transactions in 2013, with 56% of total number of deals being conducted locally,” the survey noted.
The largest transaction was made by UniCredit Tiriac Bank, which paid $424 million for the retail and the royal preferred banking business of Royal Bank of Scotland Romania.
NEPI’s acquisition of City Mall shopping center in Constanta was the second-largest deal by value ($111 million), followed by the purchase of Bricostore’s local units by UK Kingfisher ($98 million).
In terms of volumes, the manufacturing sector saw the highest number of deals in 2013 (19 deals), followed by energy and mining (17 deals) and telecom and media (15 deals).