Number of deals rises 21% y/y, EY says
The value of mergers and acquisitions (M&As) in Hungary jumped by 150% on an annual basis to USD 4 billion in 2017, the Budapest Business Journal (BBJ) reported referring to data provided by consultancy EY.
In terms of number, M&A deals booked an increase of 21% on the year to a total of 133 transactions. The busiest sector was real estate with 27 deals closed and Hungarian companies completed 12 deals abroad, EY noted.
The biggest deal of the year was the acquisition of Budapest shopping center Arena Plaza by NEPI Rockcastle of South Africa which was worth USD 327 million, BBJ added.
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