The volume of the M&A market with a threshold of $1 million in October 2024 increased significantly compared to the result of the same period last year. The total value of transactions in the reporting month increased 2.3 times, amounting to $7.46 billion against $3.32 billion a year earlier. This is stated in the bulletin "Mergers and Acquisitions Market" of the AK&M News Agency (issue No. 320).
The number of transactions also increased: 40 transactions took place in the reporting period, compared with 37 a year earlier (+8.1%). In ruble terms, the amount of transactions in October increased 2.3 times to 724.06 billion rubles from 309.43 billion rubles.
However, the price of realizable assets decreased: the average transaction cost, excluding the largest, decreased by 24.2% to $67.9 million from $89.7 million in the same period in 2023. This reduction is partly due to cheaper assets in services and engineering.
During this period, AK&M analysts recorded two major transactions worth more than $1 billion. The largest transaction in the financial institutions sector was the unexpected sale by Roman Avdeev of his stake in the Rossium concern, which manages, in particular, the large ICB bank, for an estimated $2.89 billion. The second largest billion—dollar deal took place in construction and development - the sale of Russian Railways of its Moscow Towers skyscraper for an estimated $1993.5 million. The third largest transaction was cheaper than $ 1 billion and was concluded with an asset in chemistry and petrochemistry — this is the sale of assets of Unilever, which is leaving the Russian Federation, for $ 565.9 million.
In October, analysts did not record a single cross-border transaction. Transactions that are classified as internal according to the AK&M methodology (when the asset is located in Russia and the buyer is a Russian resident), but the seller is a foreign investor, remain isolated. This is due to the tightening of the exit of foreigners from the Russian market, which we have already written about.
In October 2024, only three such transactions out of 40 were recorded. Their total cost amounted to 7.8% of the total volume of transactions of the period.
Investors from Germany, Great Britain and France left the Russian market in October.
Read more about the results of the M&A market in issue No.320 of the monthly bulletin "Mergers and Acquisitions Market" of the AK&M News Agency. Subscribers of the newsletter are provided with a complete database of M&A transactions with Russian assets for free since 2012. You can subscribe to the newsletter at the agency's office by sending an application to ma@akm.ru and through the subscription agency Ural Press (subscription index - 011670).
All agency bulletins and the transaction database can be purchased at retail in the AK&M Analytical Bulletins and Research Store.
Follow the news of the M&A market in Russia and abroad on the portal https://mergers.akm.ru / and in the telegram channel "Mergers and acquisitions. AK&M».
