Greek mergers and acquisitions down 39 pct in 2015, PwC report

19 January 2016
651 Views

A total of 29 mergers and acquisition agreements, worth 1.4 billion euros, were signed in Greece in 2015, 39 pct less compared with 2014, PwC said in report released on Tuesday.

PwC attributed this decline to a continuing economic instability in the country, with two general elections, one poll, the imposition of capital controls on banking transactions and the signing of a third agreement with the country’s creditors. The Greek economy remains under great strain but shows resistance, the report noted. PwC said that 2015 was an “annus horribilis” in transaction terms and significantly affected mergers and acquisitions. Greek enterprises attracted around 7.9 billion euros in 2015. The number of M&A worth 1.4 billion euros was significantly lower compared with the rest of Europe and was down 12 pct from 2014, with the average size of transactions at 47 million euros, 30 pct lower from 2014.
Privatization literally froze during 2015 and amounted to only 300 million euros, the report said. PwC said that the value of mergers and acquisitions this year could surpass 7.0 billion euros.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares35 views
GREECE
shares35 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares46 views
FINANCE
shares46 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares41 views
FINANCE
shares41 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.