The Romanian mergers and acquisitions market jumped 23 percent year on year in 2016, with a total value of 3.4 to 4 billion euros (3.7 to 4.3 billion U.S. dollars), industry data revealed on Wednesday.
The year 2016 was "exceptionally good" in Romania's mergers and acquisitions (M A) market, Agerpres news agency quoted Ioana Filipescu, financial advisory partner with Deloitte Romania, as saying.
According to Filipescu, 85 transactions worth over 5 million euros were carried out in Romania in 2016.
The average value of a transaction was 43 million euros. The largest transaction was the takeover of the Ursus Breweries by Japan's Asahi in December, with a value of 856 million euros.
The second largest one as value was the acquisition by CEFC China of a 51-percent shareholding in KMG International NV (Rompetrol), one of the major oil companies operating in Romania and the surrounding regions.
The third biggest transaction was the transfer of the retailer Profi. These three transactions accounted for 1.98 billion euros, representing around 55 percent of the entire market.
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