According to the Monthly M&A Report (TTR – Transactional Track Record), the values of 89 deals were published which topped €6.64Bn, up 32% on the like-for-like period of last year.
Portugal's real estate sector saw the most deals with 51 transactions, followed by technology with 39 operations and finance with 24 operations, with increases on the previous year of 2%, 22% and 14% respectively.
The report shows that the “announcements for the purchase and sale of shares that involved the acquisition of Portuguese companies by overseas entities based in the United States enjoyed an increase of 109%”.
In the first eight months of the year, 23 deals were announced with a registered value of €1.16Bn — a number that outstripped the total number of such acquisitions in 2018 which stood at 22.
In total, overseas companies made 110 acquisitions in the national market, worth a total of €4.9Bn.
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