Merging and Acquision – 72% Decrease
402.6 million Euros is the total turnover from merging and acquisitions in the first three months of this year, which is a decrease of 18.2% or 72% less than in the first quarter of 2008. The recession has hit the merging and acquisitions in Bulgaria. Only 32 M&A have been completed in the first three months of this year. In the same period of last year there were 136 deals to the value of 3.5 billion Euros.
The decrease in the first three months of 2009 still can not give a clear idea about the market situation later during the year. The prices of companies have dramatically decreased and the number of deals has shrunk by 1/3 on annual basis. The analysts still think that the situation is not that bad. In March the number of the deals has increased which might be a sign of recovery at the end of 2009.
Category: Bulgaria, Economy | Tags: Bulgaria, companies, decrease, increase, M&A, market, price, recession, turnover Comment »