The value of mergers and acquisitions in Hungary fell 29% to USD 1.8 billion in 2011, Ernst and Young division director Margaret Dezse said at a press conference on Tuesday.
There were 111 M&A transactions closed in Hungary in 2011, up 23% from 2010, Ms Dezse said. The state’s acquisition of a 21.2% stake in Hungarian oil and gas company MOL was not included in the transactions because it did not take place between two companies, she added.
The acquisition of Hungarian chemicals company BorsodChem by Chinaʼs Wanhua Industrial Group was one of the biggest transactions in the region last year, valued at USD 930 million, Ernst and Young said.
Hungary’s M&A market was in fourth place, in value terms, after Poland (USD 21.2 bln), Turkey (USD 13.7 bln) and Czech Republic (USD 4.2 bln) in 2011.
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