M&A deals in MENA drop by 67% in 2009.

By bne IntelliNews April 1, 2010
According to a report by financial consultancy company Ernst and Young, the total value of mergers and acquisitions (M&A) in the MENA region dropped by about 67% y/y in 2009 to reach USD 34bn. The report noted that the number of deals declined by 24% to 353 last year. It added that while the number of outbound deals was down 42% y/y to 92 in 2009, the number of inbound deals was up 6% to 70 deals in the same year. The value of deals in the region in Q4 of 2009 alone shrank 73%. Average deal size decreased from USD 351mn in 2008 to USD 189mn in 2009, according to Phil Gandier, head of transaction advisory services at Ernst and Young Middle East.

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