Ernst & Young: MENA's M&A deals drop 54% y/y in Q3.

By bne IntelliNews December 8, 2009
According to a report by the international financial services group Ernst & Young, the total value of mergers and acquisitions (M&A) deals announced in the MENA region dropped by about 54% y/y to reach USD 7.1bn in Q3 of the year. In terms of the actual number of announced deals, the M&A activity in the region fell by almost 26% y/y to 97 in the same period, the report said noting that within these disclosed deals, the number of outbound deals was down from 42 in Q3 last year to 25 in Q3 this year, representing a drop of 40%, while domestic deals dropped from 75 to 53. However, the report added, the number of inbound deals increased marginally from 17 in Q3 of last year to 19 in Q3 this year, an increase of about 12%. The value of the domestic deals dropped by 60% y/y to reach USD 2.5bn in Q3 and the value of outbound deals also dropped by 54% y/y to reach USD 4.1bn in the same quarter, Ernst & Young noted announcing a fall of average deal size from about USD 184mn in Q3 last year to about USD 166mn in Q3 this year.

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