Greece hits record in megadeals in 2025

According to the financial advisory firm, 181 transactions were completed in just one year, with a total value of €23.8 billion. Megadeals—transactions exceeding €1 billion—accounted for 30% of the total market value.

A landmark moment was the Allwyn–OPAP deal, valued at €9 billion, which underscored the strength and dynamism of large-scale transactions in the Greek market.

Strong investment activity
Total financing attracted by Greek companies in 2025 reached €28 billion, representing an increase of €7.3 billion compared to 2024. This growth highlights the steadily rising investor confidence in Greece. PwC Greece was recognized for the fourth consecutive year as the leading financial advisor for mergers and acquisitions in the country.

Sectoral trends

• TMT (Telecommunications, Media, and Technology): 43 deals, nearly triple the number in 2024, with significant participation from startups.
• Financial Services: 25 deals valued at €3 billion, primarily in the insurance sector.
• Energy and Renewables: 20 deals totaling €2.9 billion, with international investors such as Masdar Hellas and developments in energy storage solutions (BESS).
• Food & Beverage: 19 deals, with 42% of the value coming from private equity.

Private equity transactions accounted for 16% of total market value, indicating potential for further growth in Greece, compared to 57% globally.

Banking sector and balance sheet clean-up
Greek banks continued to accelerate balance sheet restructuring, reducing non-performing loans to 3.6% and completing loan portfolio sales exceeding €10 billion. The largest transaction involved Attica Bank (now CrediaBank, Rhodium & Domus), valued at €3.7 billion.

Outlook for 2026
Agreements already in place exceed €7 billion, primarily in the Energy & Renewables, Financial Services, Technology, Industrial, and Food & Beverage sectors. This confirms the sustainable attractiveness of the Greek market for both domestic and international investors. PwC experts note that Greece’s positive economic trajectory, improved investment environment, and the increasing outward orientation of Greek companies create a climate for high-value transactions reminiscent of pre-crisis levels.