Romanian M&A sector declines in H1

The Romanian M&A market posted a slight decline in the first half of 2014, according to data released by EY. Florin Vasilica, a partner at EY Romania, said that the first half the year was dominated by transactions worth less than €20m. Although many deals were seen in the financial services, construction materials and energy sectors, most won’t close until 2015. Approximately 66 percent of all transactions in this period were from Romanian investors, while investors from Canada, Luxembourg and Germany accounted for 11 percent and Polish investors made up 15 percent of the total. IT was the most attractive sector, followed by the media and telecommunications sector.