The local market, which reached billions of euros during the boom years, stood at only EUR34 million in the first nine months of this year. This is ten times lower than the figure recorded in the same period of 2010, according to Mergermarket data.
The data does not take into account stock market floatations and deals of less than $5 million, and does not provide estimates on the deals whose value was not publicly revealed.
The takeover of the Baita Stei copper mine, of the Romtranspetrol gas station network, of Euroticket and of naval shipping company Giurgiu Nav are the four deals whose value was made public, and which kept the mergers and acquisitions market alive.
The critical situation in Greece, where attempts are made to find solutions to the extremely high deficits, the financial turmoil in Italy and Spain, and the European banks that have a significant impact on stock markets have created an unstable climate for investors in Europe. And Romania is no exception.
(English version by Loredana Frățilă-Cristescu)