M&A deals in Bulgaria at critically low levels

At the end of the second quarter of 2010 the Mergers and Acquisitions deals in Bulgaria are at critically low levels, according to the analysis of Mergermarket. Investors however are expecting some key transactions like a progress with the debt restructuring of BTC and its owners. The deal volume is at its levels from 2003, which according to the Mergermarket’s analysts, is due to the fact that the owners of the companies are postponing the sell of the companies because of the falling valuations and they are willing to sell only if they don’t have any other choice. That is the reason why there are only a few smaller deals in the second quarter after the bTV acquisition in the first quarter.
Mergermarket’s analysis also shows that this year investors are interested in big deals with companies with depressed actives, such as BTC due to the debt restructuring, in contrast to last years situation when the market was dominated by smaller deals, for instance in the consumer and media sector.