M&A in Russia grows 70%

Last year was a record year for M&A in the CIS, according to a report prepared by professional services firm Ernst & Young. The report. Mergers and Acquisitions in the CIS, reveals that the Russian M&A market, the largest in the region, grew by 70% to $30 billion for 2004. Ukraine and Kazakhstan followed Russia with $2.6 billion and $ 0.7billion in M&A activity, respectively.

“With the improving economic performance and high rates of return on equity, major CIS countries have become important markets for cross-border acquisitions.