Russia

The Russian M&A market remained almost unchanged in 2019, with a total of 602 deals on record, down 0.5% y-o-y. As many deals concluded were higher in value, there was an increase in total deal value from EUR 27.08bn to EUR 35.82bn, up 32.2 % y-o-y. There has been a trend for M&A activity in the mining (incl. oil & gas) sector with 118 deals on record in 2019, up 27 y-o-y, although telecoms & IT is also picking up, up 9 deals y-o-y.

Russia has a very active domestic market, and the majority of the top 20 deals are investments by local financial groups and corporates.

Volume and number of deals

RUSSIA graph

Top five deals

Mining

#1

Target: Arctic LNG-2
Sector: Mining (including Oil & Gas)
Stake: 20%
Buyer: China National Petroleum Corp (CNPC); China National Offshore Oil Corporation (CNOOC)
Country of buyer: China
Deal Value: EUR 5,35bn
Value Source: 2

Mining

#2

Target: Arctic LNG-2
Sector: Mining (including Oil & Gas)
Stake: 10%
Buyer: Japan Oil, Gas and Metals
National Corporation; Mitsui & Co
Country of buyer: Japan
Deal Value: EUR 2,68bn
Value Source: 2

Telecoms

#3

Target: T2 RTK Holding
Sector: Telecoms & IT
Stake: 55%
Buyer: Rostelecom
Country of buyer: Russia
Deal Value: EUR 1,83bn
Value Source: 1

Telecoms

#4

Target: Luxoft
Sector: Telecoms & IT
Stake: 100%
Buyer: DXC Technology
Country of buyer: United States
Deal Value: EUR 1,78bn
Value Source: 1

Real estate

#5

Target: Stroygazmontazh
Sector: Real Estate & Construction
Stake: 100%
Buyer: Gazstroyprom (Country of buyer: Russia)
Deal Value: EUR 1,06bn
Value Source: 2

Value Source:

  1. Official data
  2. Market estimate provided by EMIS and based on publicly available information
  3. EMIS estimate

Top three sectors

Mining

Mining (including Oil & Gas):
118 deals

Telecoms

Telecoms & IT:
90 deals

Real estate

Real Estate & Construction:
86 deals

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Key Contacts

Zenin Vladimir
Vladimir Zenin
Partner
Head of M&A