(MENAFN) The merger and acquisition (M&A) market in the Middle East and North Africa (MENA) region witnessed a slow down during the recent period, as it fails to redress from the current lows.
With the total number of completed deals, the announced value of M&As amounted to less than USD3 billion during the third quarter which is well below the average levels of the past six years.
The overall 12-month activity falls short of any sign of a rebound, enduring the impact of the regional political turmoil and the economic spillover effects of the slump in oil prices.
"Despite the short to medium term challenges, when thinking long-term, the region still depicts largely attractive economic fundamentals to sufficiently propel more transactions", Bureau and MENA Research Partners said.
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