In Q1 2019, the total value of the Romanian M&A market, including transactions with undisclosed value, was between EUR 200m and EUR 300m. On the other hand, based on public sources, the transactions with the disclosed value reached a total EUR 120m (-53% YoY).

As Deloitte published an overview of Romanian M&A market in Q1 2019, we are bringing you some key takes from it.

According to the report, the total value of the Romanian M&A market, including transactions with undisclosed value, was between EUR 200m and EUR 300m. On the other hand, based on public sources, the transactions with the disclosed value reached a total EUR 120m, which represents a decrease of 53% YoY.

Romanian M&A Market (Q1 2015 – Q1 2019) (EUR m)

In Q1 2019, a total of 15 transactions were monitored in the Q1 of 2019, but the value of only two was officially disclosed. Meanwhile, when observing the same period in 2018, a total of 20 transactions were seen, of which seven with disclosed value.

The largest transactions in the Q1 2019 was the acquisition by investment fund MAS Real Estate of a portfolio of nine shopping centers. The value of the acquisition was EUR 113m.

Besides that, it is worth noting that Orbico Group acquired Interbrands Marketing & Distribution, one of the leading players on Romania’s distribution sector for an undisclosed amount.

In the graphs below, we are bringing you a historic overview of value the M&A market in Romania.

Romanian M&A Market (2004 – Q1 2019) (EUR bn)

The Bucharest Stock Exchange published their trading statistics for March 2019, showing an average daily turnover of EUR 8.3m (-11% YoY).

The Bucharest Stock Exchange published their trading statistics for March 2019, showing a turnover of EUR 174.5m, which represents a decrease of 15% YoY. This would translate into an average daily turnover of EUR 8.3m, representing a decrease of 11% YoY.

When observing the top traded shares, Banca Transilvania observed the highest turnover of RON 263.8m, followed by BRD which recorded a turnover of RON 153.6m. Next comes Fondul Proprietatea with a turnover of RON 95m.

Of the shares within the BET index, BRD observed the highest increase of 9.24%, followed by Banca Transilvania which recorded an increase of 9.21%.

Turning our attention to BET, the index amounted to RON 8,045.4 which represents an increase of 4.82% MoM and a 7.7% decrease YoY.