Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

M&A deal value in Mena rises 76% to $17.3 billion in Q3  Join our daily free Newsletter

MENAFN - Khaleej Times - 12/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The value of merger and acquisition (M&A) deals in the Middle East and North Africa (Mena) region jumped 76 per cent to 17.3 billion in the third quarter this year from 9.9 billion in the same 2012 period, Ernst & Young said on Wednesday

The value of disclosed inbound M&A deals in the region more than tripled to 3.9 billion in the third quarter from 1.1 billion in the corresponding 2012 period, EY said in its Mena M&A update.

The value of domestic deals increased by 170 per cent to 8.2 billion from 3 billion last year.

Inbound deal value tripled to reach 3.9 billion, up by 254 per cent from 1.1 billion in the third quarter of 2012. However, outbound disclosed deal value dropped by nine per cent to 5.2 billion in 2013 third quarter from 5.7 billion in the same 2012 period.

"The surge in both inbound and domestic deal values this quarter is a strong indication that the regional economy is picking up," said Phil Gandier, Mena transaction advisory services leader at EY.

He said 2013 third quarter saw the highest quarter deal values since 2008. "Investors from both within and outside the region are recognising that the fundamentals for M&A in Mena are improving. This is strengthening buying intentions across the region and could create real momentum in the M&A market."

Saudi Arabia and the UAE recorded the most number of domestic deals in the region at 13 and 12 respectively.

The telecommunications sector represented 73 per cent of the total value of all domestic deals while the oil and gas sector had the highest number and value of inbound deals worth 3.3 billion.

Etisalat's acquisition of Maroc telecoms, which represented 34 per cent of the total deal value, was one of the top deals in 2013 third quarter. The second biggest deal was the acquisition of Apache Corporation in Egypt by Sinopec International in China for 3.1 billion.

Around 21 sovereign wealth fund and private equity deals were announced in the quarter, with September recording the highest deal activity this year.

Gandier said some element of M&A caution still existed given the backdrop of the global economy and Mena geopolitical factors.

"However, there continues to be a growing corporate appetite in M&A activity due to the strong financial fundamentals of the Mena region's capital agenda as indicated by EY's recent capital confidence barometer study," he said.

The Middle East has been seeing a steady rise in deal activity throughout this year.

According to a Mergermarket report, the value of M&A activity in Africa and the Middle East reached 51.6 billion in the first three quarters of the year, matching the annual total of 2012.

 






  MENA News Headlines
 Aug 28 2014 - Ebola virus diseaseDemocratic Republic of CongoMENAFN Press
(MENAFN Press) GENEVA Switzerland August 27 2014/African Press Organization (APO)/ -- Disease outbreak news Epidemiology and surveillance On 26 August 2014 the Ministry of Health Democratic ...

 Aug 28 2014 - Ebola virus disease updateWest AfricaMENAFN Press
(MENAFN Press) GENEVA Switzerland August 28 2014/African Press Organization (APO)/ -- Epidemiology and surveillance • The total number of probable and confirmed cases in the current outbreak of ...

 Aug 28 2014 - Arrowstorm Entertainment Launches Kickstarter for New Fantasy EpicThe Christmas DragonMENAFN Press
(MENAFN Press) The Christmas DragonArrowstorm Entertainment offers advance DVDs and Blu-rays of upcoming film The Christmas Dragon via Kickstarter promising the world "a new Christmas classic."Salt ...

 Aug 28 2014 - 21st Century Television Discusses Transition to Cloud Computing with Spin SystemsMENAFN Press
(MENAFN Press) August 28 2014 - Boca Raton Florida — Although cloud systems have become increasingly more common and more secure there are still a number of companies who feel hesitant about ...

 Aug 28 2014 - DIGITAL COMEDY SERIES LAUNCHES INDIEGOGO TO RAISE FUNDS FOR SEASON 2MENAFN Press
(MENAFN Press) Devil's Couriers Parodies Sons of Anarchy in a Unique FormatLos Angeles CALIFORNIA AUG 28 2014 – Sons of Anarchy. The very name conjures up visions of Harleys guns biker chics ...

 Aug 28 2014 - 21st Century Television Welcomes Guest to Discuss Information Governance and Data Management airing on August 31 2014MENAFN Press
(MENAFN Press) Bishop Technologies Inc. to appear on 21st Century Television.August 28 2014 - Boca Raton Florida - In the digital age companies are being expected to govern and manage an ever ...

 Aug 28 2014 - Air2G2s State of the Art Technology for Golf Course Management Discussed on 21st Century TelevisionMENAFN Press
(MENAFN Press) Revolutionary Turf Aeration Process for Golf Courses.Boca Raton FL – August 28 2014 — For golf course owners superintendants and groundskeepers keeping a well maintained ...

 Aug 28 2014 - Eight Killed As Vehicle Falls into DrainQatar News Agency
Eight persons were today killed and three others injured when a vehicle skidded off the road and rolled down into a drain in Ramban district of Jammu and Kashmir, India's News (PTI) ...

 Aug 28 2014 - AfricaBeauties.com Proves that a Strong Woman is a Desirable WomanMENAFN Press
(MENAFN Press) Love Knows no Boundaries!Many members of premium international dating site AfricaBeauties.com regard vitality as one of the most desirable qualities in a partner. While international ...

 Aug 28 2014 - KnowBe4 Says Employee PC Wreaks Havoc in JP Morgan HackMENAFN Press
(MENAFN Press) JP Morgan Chase HackedJP Morgan banking giant hit by data breach in a feat far beyond the capability of ordinary criminal hackers.Tampa Bay FL — The Wall Street Journal reported ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help