In 2016, 38 M&A deals of €4.4bn total value were completed, almost tripled compared to 2015, of which the five largest M&A deals reached €3.8bn.
The economic uncertainty persists in 2016 with the privatisation program to be delayed and the second assessment not completed as expected. The M&A market in Greece is very shallow and the exit from the recession is not yet visible. The very small transaction sizes and the very few international deals give the rhythm.
PwC was the leading global M&A financial advisor in terms of deal volume and the third M&A financial advisor in Europe in terms of deal value in mid cap transactions (<$250mn).