Found this in a russian business journal aruji capitol
Monthly Report – September 2009
Russia: Cross-border M&A activity
Overview of major announced deals
As of end of 8 months of 2009, cross-border activity accounted for 35 percent of $19.9 billion Russian
M&A1. Noteworthy cross-border announced deals of August include Rosneft acquiring 50% share in the
Rosneft-Stroytrnsgaz join-venture. Rosneft will pay $200 million for this share in the project which is aimed
to develop oil and gas block in Algeria. PrimeGen Energy Corp. completed the acquisition of Dzhebolskoe
Chikshino Rig Co. for $18.3 million.
In terms of value, outbound activity was significantly higher than inbound activity ($6.04 billion against
$0.9 billion), which is explained rather by size of outbound deals. The average value of top 10 outbound
deals is $587.4 million, where for inbound deals this value is as low as $88.1 million. The activity in both
directions is relatively equal with a little prevalence of inbound deals when measured by number – 39
inbound transactions against 34 outbound transactions.
Table 1: Top 5 announced outbound deals for YTD 31 August 2009
Ann.
Date Target Target country Acquirer Value, USDm
(Stake) Status
30.03 MOL HUNGARIAN OIL AND
GAS NY HUNGARY SURGUTNEFTEGAZ 1843.04
(21.20%) C
19.06 TRNT VLISSINGEN REFINERY
NETHERLANDS 190000-BPD NETHERLANDS LUKOIL 0AO-CLS 1012.28 (45.00%) P
01.06 ADAM OPEL GMBH US SBERBANK, MAGNA
INTERNATIONAL INC.,
PRIVATE INVESTORS 992.95 (65.00%) P
22.04 BLUESTONE INDUSTRIES INC.,
DYNAMIC ENERGY INC., JCJ
COAL GROUP LLC US MECHEL-CLS 568 (100.00%) C
23.04 SIBIR ENERGY PLC UK GAZPROM NEFT-CLS 452.55 (16.00%) C
C-Complete P-Pending
Table 2: Top 5 announced inbound deals for YTD 31 August 2009
Ann.
Date Target Acquirer Acquirer Country
Value, USDm
(Stake) Status
29.05 OIL FIELD SERVICES
ENTERPRISES WEATHERFORD INTL
LTD US 450.85
(100.00%) P
19.02 EAST-EUROPEAN
FINANCE CORP
OTKRITIE FINANCIAL
CORP., PPF CROUP NV,
RUSSIAN FEDERATION
RUSSIA, CZECH
REPUBLIC 278.55
(100.00%) P
24.04 RUSSIAN ALCOHOL CENTRAL EURO
DISTRIBUTION CP POLAND 50.81
(12.00%) P
13.07 UDMURTIA CELLULAR
COMMUNICATION TELE2 AB-B SHS SWEDEN 37.98
(25.5%) C
04.08 DZHEBOLSKOYE
CHIKSHINO RIG CO. PRIMEGEN ENERGY
CORP CANADA 18.3
(100.00%) C
1
Announced by 31st of August 2009, includes only deals with the value disclosed, both completed and pending.
Source: Bloomberg
