In Ukraine, the number of mergers and acquisitions increased by 22% to 45 in the 3rd quarter of this year compared to the same period last year.
This is stated in the material of the auditor KPMG in Ukraine, the Ukrainian News agency reports.
"The Ukrainian mergers and acquisitions (M&A) market showed moderate growth in the first nine months of 2025, as the trend towards strengthening the position of local players continues even despite the difficult military conditions. In the reporting period, 45 deals were recorded with a total disclosed value of USD 806 million, up 22% in number and 8% in value compared to the first nine months of 2024 (37 deals with a disclosed value of USD 746 million, respectively)," the report said.
It is noted that the relatively low market transparency, which remains a typical feature of the Ukrainian M&A market, continues to affect the availability of data: the share of deals with disclosed value decreased from 59% based on data for the first nine months of 2024 to 53% based on data for the first nine months of 2025.
The low level of transparency may indicate that the real size of the M&A market is higher than the officially disclosed figures, which partially explains the difference between the growth rates of the number and value of deals.
Two significant deals exceeding USD 100 million accounted for 56% of the total disclosed deal value in the first nine months of 2025 and were the main drivers of market growth:
- MHP, a food and agri-technology company, acquired a 92% stake in Uvesa, a leading Spanish poultry and pork producer, in a deal valued at more than EUR 270 million;
- Kyivstar acquired Uklon, a car call and delivery service, for USD 155 million.
Since there were no deals worth over USD 100 million in the third quarter of 2025, the list of largest transactions remained unchanged compared to the first half of 2025.
The average deal value also remained at the level of the same period of the previous year and amounted to USD 34 million.
Despite the remaining military risks, Ukrainian investors continue to adapt to market conditions and maintain business activity.
If current trends continue, we can expect that the M&A market indicators in 2025 will be comparable to the results of 2024.
As the Ukrainian News agency earlier reported, the volume of loans issued by commercial banks to the corporate sector and individuals, according to the National Bank's operational data, increased by 1.3% in September to UAH 1,281.085 billion.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.