EY: 107 M&A deals in H1 in Poland

According to EY consultancy, there were 107 merger and acquisition deals in Poland in the first six months of the year. In the CEE and South-Eastern Europe region, there were 473 such deals, down by 27.8 percent less y/y. In Poland, one of the reasons for the lower transaction volume could be reduced activity of state-owned companies, which in previous years, very often sold smaller subsidiaries to private-owned firms,” Damian Łoziński from EY said. The most active market in the region was Czechia with 113 M&A deals, followed by Poland and Hungary (66). While the number of transactions dropped, their value increased by 42.4 percent to $19.9 billion. This increase is primarily caused by the number of larger transactions worth $100 million and more, such as discount retail chain Żabka being bought by CVC investment fund. In terms of deals value, Czechia was once again the regional leader ($4.5 billion), followed by Turkey ($3.6 billion) and Poland ($3.2 billion).