The merger market is slowing down, according to Bloomberg, with a 50-percent drop in the 2012 transaction volume compared with the previous year. Analysts are painting a bleak picture for the Polish market as the new year approaches. Despite the overall decrease in capital costs and businesses’ high level of cash reserves these days, Artur Tomala of Goldman Sachs warns that the forecasts for 2013 and 2014 remain cloudy.
Jacek Chwedoruk, head of the Polish branch of Rothschild, said investment funds activity has been dropping over the course of 2012. “Despite the fact they have significant financial reserves, it’s really hard for funds these days to find attractive acquisition targets that provide significant fixed income.”
