M&A activity in the agricultural sector in 2025 was at its lowest level in five years — Kept

Against the backdrop of high interest rates The volume of mergers and acquisitions (M&A) in the Russian agro-industrial complex (AIC) for the year 2025 was at its lowest level in the past five years, according to a study by the audit and consulting firm Kept. In particular, the number of deals for the year decreased by 46% to 19, while their total value increased by 40% to $1.358 billion. According to analysts' estimates, the agricultural sector accounted for 7% of the market by the number of M&A deals in the Russian economy and 4% by total value. "Practically in all sub-sectors of the AIC, the high interest rates led to the fact that M&A activity for the year 2025 turned out to be at the lowest level in the past 5 years. It is becoming increasingly difficult for sellers and buyers to agree on the parameters of the deal — the former propose using forecast or normalized data as a basis for calculating the price, while the latter strive for lower multipliers based on current ...