Business news from Ukraine

Business news from Ukraine

VOLUME OF M&A TRANSACTIONS IN UKRAINE 20% UP IN 2016 – CMS

13 March , 2017  

KYIV. March 13 (Interfax-Ukraine) – The volume of mergers and acquisitions (M&A transactions) in Ukraine in 2016 increased by 20%, to EUR605.3 million, while their total number decreased by 2.6 times, to 54, such data are given in a report of CMS legal group.

The largest transactions of the past year, according to the group, were exchange of assets between UniCredit financial group and ABH Holding (Luxembourg), within which the group transferred a 99.9% stake in Ukrsotsbank to the holding in exchange for a 9.9% stake in ABHH, the transaction was valued at EUR296.3 million; the purchase by American company Cargill of 51% of a transshipment terminal, which MV Cargo stevedoring company will build in Yuzhny port (Odesa region) for EUR90.9 million; the purchase by Kernel agrarian group of the right of demand for Ellada oil extraction plant (Kirovohrad region) for EUR87.1 million; the purchase by Fairfax Financial Holdings Limited international financial group of 9.99% in Astarta for EUR34.2 million; the purchase by Dragon Capital Investments Limited of the Piramida shopping center in Kyiv for EUR21.9 million; the purchase by the Federation of Trade Unions of Tatarstan of the Foros sanatorium, which formerly belonged to Ihor Kolomoisky, for EUR16.7 million; the purchase by 1+1 Media group of the Ukrainian satellite and Internet TV operator Viasat Ukraine from Swedish-based Modern Times Group MTG AB for EUR16.1 million; the purchase by the Rozetka.ua online store of a warehouse complex in Brovary for EUR14.6 million; the purchase by businessman Sergiy Tigipko of Radisson Blu Hotel in Podil in Kyiv for EUR9.2 million; and the purchase by Georgian Industrial Group of a 29.3% stake in PJSC Indar (Kyiv) for EUR4.3 million.