A total of 647 mergers and acquisitions (M&A) in Central and Southeast Europe were conducted in the first half of 2015, their value coming at US$ 16.5 billion, and Croatia saw a drop in the number and value of M&A in H1 2015, according to the latest M&A Barometer compiled by the Ernst & Young (EY) audit and consulting company.
Croatia had only nine transactions in H1 2015 as against 22 in the corresponding period in 2014, and therefore it is at the bottom of the rankings comprising the countries in the region.
The value of those nine transactions is put at $400 million.
Lena Habus, Director at EY Advisory Service, said on Tuesday that after two years of an increase in M&A, Croatia saw a drop in the first half of 2015.
"The recent wave of mergers and acquisitions is set to continue with 59% of global companies now planning to acquire in the next 12 months, according to EY’s 13th Global Capital Confidence Barometer, a survey of more than 1,600 executives in 53 countries. This is the highest appetite to acquire recorded by the survey in its six-year history," the Ernst & Young (EY) said on its web site.
The Barometer finds the M&A market buoyed by record values in 2015, set for further growth in the next year. With global deal value up 35% on 2014 and more $10b+ megadeals already announced in 2015 than in any previous year, the prospect of further growth in the M&A market looks certain. Four out of five executives (83%) expect activity to increase.