In January 2013, the fuel and energy complex alone accounted for 51% of the total Russian M&A market volume in January and took the lead from the transport sector, the king of the market in 2012. The sector registered a record number of transactions (9) for a total of $1.589 billion, according to the recent issue of AK&M Information Agency's monthly bulletin MERGERS AND ACQUISITIONS MARKET.
The largest M&A event here was the consolidation by Evraz Group of 82% in Raspadskaya Mine for $800 million. M&A processes in the sector are spurred by the upcoming acquisition by Rosneft of TNK-BP promising to become the largest ever M&A transaction in Russia.
The construction and development sector stood second in January 2013 registering 3 transactions for a total of $596.7 million (19% of the total market volume). The acquisition by Kaspersky Lab of the Olympia park business center in Moscow for $350 million was the largest deal.
Agriculture suddenly made its way to the third position with 4 transactions for a total of $363.3 million (11.6% of the total market volume). The highlight January event, and the largest deal in the sector in the last three years, was the acquisition of two fishing companies in the Far East (Turnif and Intraros) by Gennady Timchenko and Maxim Vorobyov's Russian Sea – Fishing for $350 million.
Owing to the above-mentioned acquisition of IDS Borjomi, the food processing sector ranks fourth in January. The overall January result of the sector is 4 transactions for a total of $327.9 million (10.5%).
The transport sector rounds out the top 5 in January with 4 deals for a total of $133.2 million (4.3%). The largest transaction was the transition over control over the Mineralnye Vody International Airport to Aeroinvest for $34.3 million. The ongoing consolidation in the airport segment and the high investor interest in seaports and port-based terminals (including assets abroad) support the M&A activity in the sector.