Agriculture leads Ukraine's M&A sector in 2025, accounting for nearly one-third of deals

Ukraine's agricultural sector emerged as the most active segment of the country's mergers and acquisitions (M&A) market in 2025, accounting for 31% of all transactions, according to law firm Aequo, as reported by Forbes Ukraine.

By comparison, the IT sector represented 22% of total deals, followed by real estate with 19% and industry with 16%.

The trend strengthened further in 2026. During the first five months of the year, agriculture and technology companies together accounted for 64% of all M&A transactions, reinforcing the agricultural sector's position as the main driver of Ukraine's M&A market. At the same time, analysts noted that the market remains highly concentrated.

Among the largest transactions of 2025 was agricultural holding MHP's acquisition of a 92% stake in Spanish poultry producer Grupo Uvesa for $300 million.

Another major agribusiness deal was Bunge's purchase of an 85% stake in Vinnytsia Oil and Fat Plant for $138 million.

The five largest M&A transactions of the year also included Kyivstar's acquisitions of healthcare platform Tabletki.ua for $160 million and taxi service Uklon for $155 million, as well as the privatisation of United Mining and Chemical Company, which was acquired by NEQSOL for $96 million.