Russian banks have risen in prominence on the Eastern European mergers and acquisitions market in the first half of this year.
Photo: Valery Melnikov
| Other Photos |
 |
|
 |
Russian Cos. Merge and Acquire More
The Dealogic and Thomson Financial agencies have completed a survey of investment banking activities in mergers and acquisitions in the first half of the year. Russian banks have risen in prominence in Eastern Europe, largely due to consulting services to energy companies during the reorganization of RAO UES of Russia. In the first quarter of last year, consulting Rosneft on the acquisition of YUKOS assets was the ticket to the top. According to Dealogic, the leader in the Eastern European M&A market is Credit Suisse, whose specialists consulted on 15 deals worth $33.1 billion. Three Russian banks, Renaissance Capital, IFK Metropol and FK Otkritie, are among the Dealogic top ten, and Otkritie distinguished itself by consulting the most deals (47).
Thomson Financial places Merrill Lynch at the top of its list for Eastern Europe. Three Russian banks are in the Thomson top ten as well. They are KIT Finance, Metropol and Troika Dialog. Metropol leads in the number of deal consulted with 30. The reason for the different results is significant differences in tabulation methods. In the first quarter of last year, KIT Finance was ranked 25th, Metropol 39th and Troika Dialog 54th by Thomson Financial.
“M&A is a business built not only on the quality of services, but on personal relations between clients and consultants,” commented Andrey Burlinov, executive director of the investment banking division of Troika Dialog. There is an active merger process going on in Russian infrastructure projects, as well as the general expansion of the Russian economy. “This gives the local banks n opportunity to break into the European elite,” observed Mikhail Sokhobok, senior managing director of Otkritie.
www.kommersant.com
All the Article in Russian as of July 14, 2008
|
|
|
