Ma­jor de­cline in value of merg­ers and ac­qui­si­tions

Kathimerini English - - Focus -

moves in the su­per­mar­ket sec­tor, with Metro (op­er­a­tor of the My Mar­ket chain) ac­quir­ing Veropou­los out­lets and Sklaveni­tis step­ping in to res­cue Marinopou­los, the num­ber of merg­ers and ac­qui­si­tions (M&A) di­min­ished con­sid­er­ably in Greece last year, ac­cord­ing to the Ernst & Young M&A Barom­e­ter 2016 for Cen­tral and South­east Europe. It showed that the 33 M&As in Greece in 2016 had a to­tal value of $1.27 bil­lion, down $500 mil­lion from 2015, when 28 M&As took place with a to­tal $1.77 bil­lion ex­chang­ing hands. Only 14 M&As ex­clu­sively in­volved Greek com­pa­nies.

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