Quotes: 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.

 


Khaleej Times




  MENA News Headlines
 Mar 28 2015 - Saudi pounds Yemen rebel campsThe Peninsula
(MENAFN - The Peninsula) Saudi-led coalition warplanes bombed rebel camps in Yemen Friday in a second straight day of strikes as embattled President Abedrabbo Mansour Hadi arrived in Egypt for talks ...

 Mar 28 2015 - Qatar- QMMF's West, Simon start strong at homeThe Peninsula
(MENAFN - The Peninsula) QMMF Racing Team's Anthony West and Julian Simon made a good start to the 2015 Moto2 season at the Losail International Circuit here on Thursday night.Under floodlights of ...

 Mar 28 2015 - Qatar- Cudlin wins first raceThe Peninsula
(MENAFN - The Peninsula) Britain's Alex Cudlin (centre) won the first Qatar SuperBike (QSBK) race at Losail International Circuit on Thursday night. German rider Nina Prinz (left) came second. ...

 Mar 28 2015 - Qatar- Marquez stays on top of time sheetsThe Peninsula
(MENAFN - The Peninsula) MotoGP world champion Marc Marquez of Repsol Honda yesterday finished on top of the combined time sheets after a frantic end to Free Practice (FP) 3 with Britain's Cal ...

 Mar 28 2015 - Oil dives 4.7% on easing Yemen worriesThe Peninsula
(MENAFN - The Peninsula) Oil prices sank Friday, giving back some gains from a two-day surge, as traders kept an eye on the Saudi-led air assault against Shiite rebels in Yemen.US benchmark West ...

 Mar 28 2015 - UN orders Libya rights abuses investigationThe Peninsula
(MENAFN - The Peninsula) The UN Human Rights Council decided Friday to send a mission to war-torn Libya to investigate a range of abuses by different sides and help bring perpetrators to justice.The ...

 Mar 28 2015 - Ex-president Saleh calls for Yemen ceasefireThe Peninsula
(MENAFN - The Peninsula) Former Yemeni president Ali Abdullah Saleh, who is close to the country's Shiite Huthi rebels, called Friday for a ceasefire and the resumption of UN-brokered dialogue ...

 Mar 28 2015 - Saudi pounds Houthi campsThe Peninsula
(MENAFN - The Peninsula) Saudi Arabia said yesterday the coalition forces it is leading will not at any cost allow weapons or other supplies to be made to Houthi militiamen in Yemen.The spokesman for ...

 Mar 28 2015 - Hamas denounces EU terror list decisionThe Peninsula
(MENAFN - The Peninsula) Hamas on Friday denounced a European Union decision to keep the Palestinian Islamist group and de facto Gaza Strip ruler on its terrorism blacklist, despite a court ordering ...

 Mar 28 2015 - Qatar- 28th Qafco Flower and Vegetable Show opensThe Peninsula
(MENAFN - The Peninsula) The 28th edition of the Qafco Flower and Vegetable Show has witnessed nearly 500 competitors and 5,000 exhibits at Al Banush Club in Mesaieed.This year, the event has been ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help