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Mergers and acquisitions worth €8.4Bn In Portugal

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M&A acquisitions increased in the first 11 months of 2019 like-for-like in deals worth €8.4Bn.

However, acquisitions in the real estate sector fell back by 2% according to Transactional Track Record.
All-in-all, the transactional market in Portugal should end the year in line with the amounts seen in 2018.
Portugal registered 346 M&As between January and November 2019, which represents an increase of 8.5% compared with the same period last year.
In the first 11 months of the year, 130 operations were carried out worth €8.4Bn, down 7% like-for-like according to TRT.
Last month alone, 21 transactions were registered (down 5 on November 2018) worth a total of €143.89 million.
As was the case last year, this year Real Estate and Technology continued to be the “kings of the sectors” when it came to M&A operations in Portugal.
However this time property and office deals showed a slight retraction of 2% in terms of the number of deals.
On the other hand, Technology grew 27% to 52 operations. One of the segments that also stood out was the Financial sector with an increase of 15% (38 operations).
The two main acquisitions in November 2019 was the acquisition of 50.1% of Ebury by Santander (Spain) and the conclusion of the sale of Partex to PTTEP by the Gulbenkian Foundation in Portugal.


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