Ukrainian M&A activity doubles in 1H 2026 as foreign investors return

Foreign acquisitions of Ukrainian assets reached 10 deals in 1H 2026, doubling the volume from the previous year, with disclosed deal values rising to $415mn. While this signals a rebound in M&A, KPMG notes that broader foreign direct investment remains depressed compared to pre-2022 levels, indicating a preference for asset acquisition over greenfield investment.