MENA’s booming M&A market on the brink of $100 billion
- Date: 24-Feb-2022
- Source: Consultancy ME
- Sector:Oil & Gas
- Country:Middle East
MENA’s booming M&A market on the brink of $100 billion
The Middle East and North Africa (MENA) market for mergers & acquisitions looks back at its best year on record, riding the global deals wave to hit total transaction value of just under $100 billion. This is according to new research from EY.
The study by the global accounting and consulting firm found that total deal value jumped by $14 billion from $85 billion in 2020 to $99 billion last year – a record M&A level for the region, said Brad Watson, MENA Strategy and Transactions Leader at EY.
“In 2021, we saw a tremendous surge in M&A activity as a result of improving post-Covid-19 market conditions. The recovery in oil and gas prices and an improving public health backdrop have also helped to lift the economic outlook in the region, leading to renewed confidence in regional boardrooms.”
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