Russian businessmen stopped buying foreign companies
Experts from Refinitiv (formerly a division of F&R Thomson Reuters) found out the extent to which Russian businesses made purchases of foreign companies in the first quarter of 2019. It turned out that it is worse in this matter, the situation was only in the same period of 2017, when there were no transactions at all.
The Refinitiv study spans two decades. The news agency reports on its results. RBCwhose staff got acquainted with him. It is reported that the total amount of such transactions in January - March 2019 amounted to only $ 6,8 million. Moreover, announced transactions are included here, but not necessarily completed during this period. In fact, this is zero! So this is the second worst indicator since 1999.
In addition, it is noted that the market for mergers and acquisitions in the first quarter of 2019 also experienced a decline. It is associated with the completion of consolidation in key industries and the absence of serious new players in the market. During this period, the amount of transactions with Russian participation fell by 45% compared to the same period in 2018. It amounted to $ 4,4 billion. At the same time, foreign companies were taken into account, in which there was even a share of Russian participation.
As for transactions for the purchase of Russian companies by foreign business for the I quarter of 2019, the picture is as follows. The amount of transactions was at the four-year low and amounted to $ 1,48 billion. This is 2018% lower than the same period in 32. This may be due to concerns over possible US sanctions.
In turn, the amount of domestic Russian transactions fell by 85% and amounted to $ 852,6 million. This is the minimum since 2004.
At the same time, experts do not expect major changes. Although they recognize a possible increase in activity in retail, food industry and telecommunications. A transaction is expected to purchase the Lenta retail chain, Tele2 and Rostelecom operators.
The Refinitiv study spans two decades. The news agency reports on its results. RBCwhose staff got acquainted with him. It is reported that the total amount of such transactions in January - March 2019 amounted to only $ 6,8 million. Moreover, announced transactions are included here, but not necessarily completed during this period. In fact, this is zero! So this is the second worst indicator since 1999.
In addition, it is noted that the market for mergers and acquisitions in the first quarter of 2019 also experienced a decline. It is associated with the completion of consolidation in key industries and the absence of serious new players in the market. During this period, the amount of transactions with Russian participation fell by 45% compared to the same period in 2018. It amounted to $ 4,4 billion. At the same time, foreign companies were taken into account, in which there was even a share of Russian participation.
As for transactions for the purchase of Russian companies by foreign business for the I quarter of 2019, the picture is as follows. The amount of transactions was at the four-year low and amounted to $ 1,48 billion. This is 2018% lower than the same period in 32. This may be due to concerns over possible US sanctions.
In turn, the amount of domestic Russian transactions fell by 85% and amounted to $ 852,6 million. This is the minimum since 2004.
At the same time, experts do not expect major changes. Although they recognize a possible increase in activity in retail, food industry and telecommunications. A transaction is expected to purchase the Lenta retail chain, Tele2 and Rostelecom operators.
Information