African M&A deals hit USD 3.5bn in Q1 2012.

By bne IntelliNews March 30, 2012
Africa saw 30 mergers and acquisition (M&A) deals of the total value of USD 3.5bn during the first quarter of 2012, This Is Africa reported, quoting data from Mergermarket. The energy and mining sector continues to dominate the M&A activity on the continent, but there is increasing evidence of diversification in the region's investment profile. The consumer sector registered the second highest M&A activity level last year with Walmarts USD 2.4bn purchase of 51% of South African retailer Massmart being the biggest deal. Of 236 deals tracked by Mergermarket between September 2011 and March 2012, the energy, mining and utilities, financial services, telecommunications, transportation and consumer sectors registered the highest level of M&A activity. The region is also seeing growing geographical diversification in deal activity away from South Africa, the continent's largest economy. Mergermarket pointed at Ethiopia and Nigeria as the countries with expected high M&A activity this year. Ethiopia is seeking investors to develop a 2,000km rail network in the country, while Nigeria is going to sell off its power companies.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Most Read

  1. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    2 days ago
  2. Volkswagen doubles exports of Russia-made cars
    7 days ago
  3. Russia's Binbank asks central bank for help
    2 days ago
  4. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    10 days ago
  5. Kremlin to launch massive infrastructure projects in 2018
    1 day ago
  1. Hungary threatens to block Romania’s OECD accession
    16 days ago
  2. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    10 days ago
  3. Economists tangle over risk of a Greek-style collapse in Turkey
    20 days ago
  4. Wild capitalism threatens the untamed rivers of Southeast Europe
    1 month ago
  5. Russia’s government moves from war budget to election budget
    28 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss