Merger and Acquisition activity plunges in MENA
13 Oct 2015
(MENAFN) The merger and acquisition (M&A) market in the Middle East and North African region has seen a slump recently, enduring the impact of the regional political turmoil and the economic spillover effects of the fall 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 going forward, as the available data shows.
Moreover, the proclaimed value of M&As totaled to less than USD3 billion through the three months to September, which is significantly below the average levels of the last six years.
Meanwhile, from a geographic viewpoint, while deal activity remains at large driven by a robust performance in GCC, the non-GCC nations attracted most of the count and value of completed deals throughout the third quarter.