Russian M&A Activity Down 50% in 2013 | Business | The Moscow Times:
"Merger and acquisition transactions involving Russian companies reached $52.8 billion in 2013, less than half result of the previous year and the lowest level since 2009, Thomson Reuters said in its annual analysis of investment banking in Russia released Thursday.
In the fourth quarter M&A transactions involving Russian targets totaled $16.9 billion, 25 percent less than during the previous quarter, the report said.
At the same time, investment banking fees reached $198 million during the fourth quarter of 2013, a 55-percent increase from the third quarter. The annual volume of investment banking fees collected by Russian banks was $805.5 million, an increase of only 3 percent over the previous year.
State-controlled investment bank VTB Capital topped the Russian investment banking fee ranking last year, raking in $97.8 million or 12.1 percent of the overall volume."
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