Romania comes second regionally in terms of value and pace of growth of mergers and acquisitions, a new PricewaterhouseCoopers study shows. The number of transactions has tripled compared to 2004 and the total value of the market reached 5.8 billion USD, according to the document.

There have been 117 such transactions, accompanied by a growing average value of 65 million USD per transaction.

And 72% of the deals have been initiated by foreign investors from the US and European countries – Austria and Greece in terms of numbers and Britain and France in terms of value.

Meanwhile, the activity of Romanian investors abroad was insignificant, according to Emilian Radu, Consulting Services Partner at PwC Romania.

The telecom sector claimed 62% of the Romanian merger/acquisition market due to the 2.5 bln USD takeover of Connex by Vodafone last year.