Insights

Russian M&A Market Overview 2024

February 2025

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The report is based on an analysis of publicly disclosed transactions valued at over 1 billion RUB, sourced from our proprietary deal database.

Key trends include increased activity from strategic buyers despite tighter monetary policy, growth in the private transaction segment, and a decline in exits by foreign investors from the Russian market.

The most active sectors in terms of completed public deals were industrial manufacturing, real estate, and, as always, technology. Notably, in December 2024, the number of M&A transactions surged more than fourfold compared to the same period in 2023. This spike was largely driven by upcoming changes in personal income tax on share and equity sales, set to take effect in 2025.

From our analysis, we aim to highlight key trends:

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