The sale transaction of Essar Oil to a consortium of investors, where VTB Capital acted as sole financial advisor to the seller, won in the “M&A Deal of the Year in Asia” nomination of The Banker magazine’s “Deals of the Year 2018” awards. The transaction volume amounted to $12.9bn. The winners are selected based on a range of criteria, including the complexity of the transaction, innovation and the deal environment.
Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, noted: “This deal, which became both the largest foreign direct investment into India ever and largest M&A deal in India on record, is undoubtedly a landmark transaction for the market. We remain very active in the region, offering best solutions for our clients. VTB Capital’s international expertise allows us to continue executing deals in the most constructive and effective way in the market.”
VTB Capital is the Best Investment Bank in Emerging Markets according to Global Finance magazine annual survey and the Best Investment Bank in Russia according to Euromoney, EMEA Finance, International Finance and Global Finance Awards as well as Best Corporate Investment Banking Brand in Russia according to Global Brands Magazine Awards.
VTB Capital also holds top positions in the rankings across the DCM, ECM and M&A categories, according to the Thomson Reuters, Bloomberg, Dealogic and Mergermarket league tables.
About the Banker:
The Banker, a UK publication issued since 1926, is one of the most reputable media in the financial market. It covers main international and economic news agenda and provides analysis of global market trends.
About VTB Capital:
VTB Group's Corporate Investment Business, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has participated in over 805 ECM and DCM deals, which attracted more than USD 285bn worth of investments in Russia and CIS.
VTB Capital offers a full range of investment banking products and services to Russian and international clients. It arranges deals in the debt and equity markets and is also active in trade finance, asset management and direct investments, as well as advising clients on M&A and ECM deals in Russia and abroad.
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