31 mergers and acquisitions closed last year

Nicholas Pongratz

Wednesday, April 7, 2021, 9:00 a.m.

deals

The number of mergers and acquisitions completed in Hungary last year was 31, close to 2019, but their value rose due to the merger of Magyar Bankholding, which is set to become Hungary’s second largest commercial lender, consulting firm Mazars said , according to gazdasagportal.hu.

The value of mergers and acquisitions in Hungary rose from EUR 378 million in 2019 to EUR 3 billion last year.

The merger of Budapest Bank, Takarékbank and MKB Bank to form Magyar Bankholding accounts for around EUR 2 billion of that, Mazars said. The merger of Magyar Bankholding is the fourth largest in the region.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism worthy of the name is an expensive business. For 27 years, the editors, editors and reporters of the Budapest Business Journal have strived to bring you working business news, information you can trust, presented factually, accurately, and without fear or favor.

Newspaper companies around the world are struggling to find a business model that will allow them to continue to perform well without compromising their performance. Recently, some have been experimenting with the idea of ​​engaging their key stakeholders, their readers.

We want to give our readers the same opportunity. We would like to invite you to help us deliver the quality journalism you want. Click the Support BBJ button and you will be able to choose how much and how often to send us your posts.

Comments are closed.