Egypt M&A Value Soars to $1.5B in 2018: Mergermarket

Egypt M&A Value Soars to $1.5B in 2018: Mergermarket

Egypt’s mergers and acquisitions (M&A) value increased by 285.6%, reaching $1.5 billion in 2018 with a total of 14 deals, compared to $389 million in 2017 that had only 10 deals, according to Mergermarket.

The M&A deals value grew due to several deals in the energy, mining, and utilities sectors. These included Mubadala’s acquisition of 10% in the Zohr oil field from Eni, and Soco International’s acquisition of Merlon Petroleum El Fayoum Company.

Egypt’s share in the MENA M&A deals has increased to 6.3% in 2018, compared to 2.5% in 2017.

“The structural reforms to the investment climate in Egypt, as part of the economic reform program, including reforms to subsidies, monetary and fiscal policies along with a new investment regime have all been factors boosting confidence of funds and private equity players in the Egyptian market,” Mohamed Khodeir, Partner & Head of Capital Markets at Al Tamimi, commented.

Sarah Samir 3401 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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