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
Top five deals
| #1Target: 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 |
| #2Target: 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 |
| #3Target: T2 RTK Holding Sector: Telecoms & IT Stake: 55% Buyer: Rostelecom Country of buyer: Russia Deal Value: EUR 1,83bn Value Source: 1 |
| #4Target: Luxoft Sector: Telecoms & IT Stake: 100% Buyer: DXC Technology Country of buyer: United States Deal Value: EUR 1,78bn Value Source: 1 |
| #5Target: Stroygazmontazh Sector: Real Estate & Construction Stake: 100% Buyer: Gazstroyprom (Country of buyer: Russia) Deal Value: EUR 1,06bn Value Source: 2 |
Value Source:
- Official data
- Market estimate provided by EMIS and based on publicly available information
- EMIS estimate
Top three sectors
Mining (including Oil & Gas): 118 deals |
Telecoms & IT: 90 deals |
Real Estate & Construction: 86 deals |
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