20:09 Concorde Capital leader in terms of M&A deals in CIS financial sector, according to financial consultant rating | |
Kyiv, January 22 (Interfax-Ukraine) – Kyiv-based
Concorde Capital Investment Bank is the leader in the financial consultant
ratings in terms of M&A deals in the CIS financial sector, the bank's press
service reported on Monday. According to the report, in 2007 Concorde Capital
conducted five M&A deals in the CIS financial sector, including a deal on
the sale of Electron Bank to "Strategic investors' interest in domestic banks
and insurance companies is still high. In 2007, 42% of the deals on the
Ukrainian M&A market were in the financial sector. According to our
assessments, in 2008 the value of deals on the Ukrainian financial market will
exceed $3 billion. We expect the purchase of banks from the top-twenty and
medium and small banks, "reads the press release, citing director and the
head of the investment and banking service department at Concorde Capital,
Vitaliy Strukov. Concorde Capital also forecasts that irrespective of
the international crisis on the financial debt market and a fall in the number
of potential buyers of Ukrainian banks, the correlation between the banks'
value to their own equity would be still 4.0-5.0 for large banks and 3.0-4.0
for medium and small banks. At present, Concorde Capital's portfolio includes over
15 M&A deals in various countries. Concorde Capital Investment Bank provides a full range
of investment and banking services in | |
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