Middle East mergers gain momentum through privatisation and regulatory reforms | ZAWYA MENA Edition:
The activity of mergers and acquisitions deals in the Middle East and North Africa (MENA) has witnessed a pick-up in activity recently as governments increase the pace of privatisation and regulatory changes in an attempt to transform the investment environment in the region. The value of announced M&A transactions with any MENA involvement reached a three-year high in the first quarter of this year – up 7 percent year-on-year to $13.9 billion, according to Thomson Reuters data. Deals with a MENA company as a target increased to $11.2 billion - an eight-year high, and up 50 percent from the same period in 2017, the report added, while domestic MENA deals reached a 5-year high, up by 42 percent on a year-on-year basis.
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