Prague in regional deals: Analysts say recent gas mega-deal part of trend in Central and Eastern Europe

The recently announced multibillion-dollar purchase of a Slovak gas group by the Czech investment fund Energetický a průmyslový holding (EPH) was, reports noted, the largest-ever foreign acquisition by a Czech company.

The $3.5 billion deal, which saw Prague-based EPH secure a 49 percent stake in Slovenský plynárenský priemysel, while notable for its scale, was not an isolated case: Analysts say it appears to reflect a trend in which local capital is increasingly used in major regional acquisitions.

EPH’s mega-purchase comes in the face of a severe downturn in mergers and acquisitions (M&A) activity in many countries in Central and Eastern Europe, including the Czech Republic, as the effects of the eurozone debt crisis spill over into neighbouring countries.

For the full story, please visit The Prague Post

(Photo: Jayesh Nair)