Russian M&A to reach pre-crisis level in 2 years

MOSCOW (BestGrowthStock) – Russia’s investment banking sector will grow by up to 50 percent next year, thanks to the state privatization plan and flourishing merger and acquisition activity, a top-investment banker told Reuters Insider.

“We have very-very high hopes for the next year. Russia is becoming again one of the top markets in terms of M&A activity,” Alexander Pertsovsky, chief executive officer with Renaissance Capital’s Russia’s division, said.

He forecast that M&A activity could recover to pre-crisis levels in the next 18-24 months.

(Reporting by Kiryl Sukhotsky, writing by Katya Golubkova, editing by Toni Vorobyova)

Russian M&A to reach pre-crisis level in 2 years