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Value of acquired Hungarian companies nearly doubles in first half of year

The value of companies operating in Hungary that were subject to acquisition during the first half of 2011 was more than EUR 3.5 billion, up 193% yr/yr, business-law firm DLA Piper told MTI on Monday.

The number of mergers and acquisitions in Hungary, however, fell to 75 in the first half of 2011, down more than 30% yr/yr.

DLA Piper Country Manager Partner Andras Posztl expects the number to rise in yr/yr terms in the second half of 2011.  Posztl added that he believes the government is likely to become active on Hungary's merger-and-acquisition market, thus increasing the number of such transactions. On the other hand, the European Union's Jeremie Program is likely to increase further the number of minor deals in Hungary.