Alfa Bank Enters Top 25 on European M&A Deals for the First Part of 2003
01 Jul 2003
Alfa Bank is included into the league table at Rank #16 with a Rank Value $ mil 7,400.0 and Market Share 2.6% (Source: Thomson Financial).
The Bank is known for its role in BP/TNK notable deal, signed in London June 26. Alfa Bank and Goldman Sachs, that leads the table, acted as financial advisors for BP's planned joint venture with Alfa Group and Access-Renova for $8 billion.
According to the Thomson Finance News Release: "The Energy and Power sector has been one of the driving industries behind European M&A thus far in 2003 and led all sectors this period, capturing 17.6% of the European target market."
The Thomson data also shows that European M&A market has held strong through the first half of 2003, despite activities decreased by just 3.6% to $ 285.6bn in the first half compared to $296.3bn during the same period last year.
Alfa Bank's corporate finance department is headed by Mr. Alexandr Tolchinsky, Member of the Executive Board.
Earlier this year the Global Finance magazine has named Alfa Bank Best M&A advisor and Best Bank in Russia for 2003.
Thomson Financial is a US$1.5 billion provider of information and technology solutions to the worldwide financial community. League table based on Rank Value.
The information on TF is available online at www.thomsonfinancial.com.
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