31 mergers and acquisitions closed last year

Deals

The number of mergers and acquisitions closed in Hungary last year reached 31, close to the number in 2019, but their value jumped on a tie-up to create Magyar Bankholding, which is set to become Hungary's second-biggest commercial lender, consultancy Mazars said, according to gazdasagportal.hu.

The value of M&As in Hungary rose to EUR 3 billion last year from EUR 378 million in 2019.

The merger of Budapest Bank, Takarékbank and MKB Bank into Magyar Bankholding accounts for about EUR 2 bln of that, Mazars said. It added that the Magyar Bankholding merger was the fourth-biggest one disclosed in the region.

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