Ioana Filipescu, Raiffeisen Investment: M&A market will hardly reach EUR2bn in 2009

Mergers and acquisitions market in Romania stands at nearly €1.2bn euro in the eight months through August this year, and is likely to reach €2bn by year-end, three times less than in 2008, according to Ioana Filipescu, managing director at Raiffeisen Investment Romania.

“M&A market in Romania was valued at roughly €1.2bn in the first eight months and in the best case scenario it will increase to €2bn for the remainder of the year”, according to Ioana Filipescu, managing director at Raiffeisen Investment Romania.

She added that it was very likely the market to remain in the negative territory in 2010, as it may need “3-4 quarters to pick up”.

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