Greek M&A deals bolstered in 2019, corporates turn to bonds- PwC

Mergers and acquisitions picked up in Greece last year as an improving investment climate led to increased deals, according to figures from business consultancy PricewaterhouseCoopers on Tuesday.

The value of the 85 Greek mergers and acquisitions in 2019 rose 16 percent to 4.3 billion euros ($4.66 billion) from 3.7 billion euros of deals a year earlier, it said. The five biggest deals made up 39 percent or 1.7 billion euros.

The deals included the sale of a majority stake in Piraeus Bank's loan recovery unit to Swedish loan servicer Intrum, Invel Real Estate's acquisition of a 32.7 percent stake in National Bank's Pangaia real estate unit and DryLog's purchase of a 50 percent stake in Global Chartering.

By contrast, the 20 biggest merger and acquisition deals in Europe last year reached 235 billion euros, with 45 percent taking place in the pharmaceuticals...

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