M&A transactions fall by half y/y in Q3
16:21
The number of M&A transactions reached 33 in Q3 compared to 66 contracts a year earlier, according to Alicja Kukla-Kowalska of Fordata. After the first three quarters of 2016, a total of 132 transactions took place, compared to 177 in 2015.
“The fact that, compared to the years 2013-2014, the Polish M&A market has seen steady, albeit sluggish, growth is cause for optimism. We foresee that the market will continue to stabilize, and that the number of transactions in Poland in the last quarter of 2016 could even grow,” said Kukla-Kowalska.
The biggest Polish transaction of Q3 was the sale of around 10 percent of Pekao's shares for PLN 3.3 bln by UniCredit. Only two transactions with a disclosed price had a value exceeding €100 mln. For over a year and a half, there has been a downward trend in the value of M&A transactions in Poland, with transactions under PLN 100 mln dominating.
