EY: acquisition fever tops worldwide

By: Trademagazin editor Date: 2021. 07. 22. 11:02

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Worldwide, the value of corporate acquisitions nearly tripled in the first six months of the year to more than 2.6 trillion USD after 926 billion USD in the same period in 2020, EY global organization told MTI on Thursday.

They highlighted that the European transaction market, with a new record of 412 billion USD, nearly doubled last year’s profit of 245 billion USD.

According to the announcement, Vaszari Péter, head of EY’s strategic and transaction consulting business, said that the recovery of the Hungarian transaction market has been driven by two important trends in the recent period. Rescue packages and increased liquidity to mitigate the economic impact of the pandemic have led to a lot of so-called “cheap money” on the market and the importance of digitization, which has led many companies to buy technology companies. (MTI)