In January-February 2024, mining took the first place in the rating of branches of the Russian M&A market (market share — 45.3%) with one, but a large deal of $3.69 billion — the sale by Polymetal gold miner of its Russian assets to Mangazeya Group. The same deal was the largest in two months. This is stated in the bulletin "Mergers and Acquisitions Market" of the AK&M News Agency (issue No. 312).
Last year, in January-February, AK&M did not record transactions in this industry.
Financial institutions came in second place (market share — 18.8%) with 4 transactions worth $1.54 billion — an increase of 13.9 times compared to the total of January-February 2023.
The largest transaction of the reporting period was the sale of 100% of the leasing "Transfin-M" to the company's management for an estimated $1172.2 million. The buyers were represented by two closed-end mutual investment funds: ZPIF Investservice and ZPIF Thaler. This is the second largest transaction of the period.
The third place was taken by transport with three transactions totaling $823.9 million, which is 36% higher than the same indicator in January-February 2023. At the same time, the industry's market share amounted to 10.1%.
The largest transaction of two months was the purchase of Kazakhstan's Aqniet Capital LLP, the beneficiary of which is businessman Kairat Itemgenov, a majority stake in Globaltrans for an estimated $774.5 million. This transaction took the third place during the period under review.
Mechanical engineering was in fourth place (9.5%). The value of 10 transactions in this industry was 1.9 times higher than the total of January-February 2023 — $772.4 million. The most expensive transaction was the purchase of Hyundai Motor's production assets in Russia, which were acquired by the Art Finance car dealer for an estimated $283.3 million - this transaction was in fifth place in terms of volume in January-February.
Construction and development fell to fifth place with 19 transactions totaling $654.5 million, which is 35.6% lower than the same indicator in 2023. The industry's market share in terms of volume was 8%, and in terms of the number of transactions — 31.7%. The largest transaction of the reporting period was the purchase by the developer Vesper of the owner of the project for the construction of a premium complex in the center of Moscow, Divinus Immobila LLC, for an estimated $312.2 million. This transaction took the fourth place during the period under review.
In January-February, AK&M did not record transactions in previously popular industries such as fuel and energy, as well as the forestry and pulp and paper industries.
Read more about the results of the M&A market in issue No. 312 of the monthly bulletin "Mergers and Acquisitions Market" of the AK&M News Agency.
All agency bulletins can be purchased at the AK&M Analytical Bulletins and Research Store.
