AK&M News Agency has released the bulletin "Mergers and Acquisitions Market" with the results for April 2023 (issue No. 302).
The total value of transactions for the month increased 1.7 times, amounting to $4.18 billion against $2.46 billion a year earlier. At the same time, the number of transactions has also increased: 48 transactions took place in April 2023, whereas 40 transactions were recorded a year earlier.
The price of realizable assets has also increased. The average transaction value increased by 41.4%.
The largest transaction of the reporting period is related to the sale of an asset to a foreign investor. So, the Metropolis shopping center, previously owned by a consortium of investors from the United States, was sold to an investor from Armenia, David Amaryan. The estimated value of the transaction was $813.6 million.
The volume of cross-border transactions (purchases of Russian investors abroad and purchases of Russian assets by foreigners in Russia and abroad) for the period amounted to $1.7 billion, and their share in the total volume of M&A transactions amounted to 40.6%.
Separately, it is worth noting transactions that are classified as internal by the AK&M methodology (when the asset is located on the territory of Russia and the buyer is a Russian resident), but the seller is a foreign investor. In April, 10 such transactions out of 48 were recorded, and their total volume amounted to $1.3 billion. Companies from Germany and Austria left the Russian market most actively in April 2023. At the same time, the volume of transactions related to the departure of foreigners exceeds the total cost of internal transactions between Russian counterparties.
Read more about the results of the M&A market in issue No. 302 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.
