M&A

MEA deal activity climbs in Q2

Deal activity across the Middle East and Africa rose by 17% in Q2 compared to the four-quarter average, with 28 transactions announced from March-June, according to GlobalData’s deals database.

Staff reporter
28 transactions were announced across the Middle East and Africa region from March-June

28 transactions were announced across the Middle East and Africa region from March-June

The total transaction value of US$1.44 billion was propped up by private equity firm Templar Investments' US$1 billion takeover of Oman-based Jindal Shadeed Iron and Steel, announced at the end of June.

Traditional M&A deals announced during the COVID-hit quarter included Northam Platinum's $69 million acquisition of Zambezi Platinum and Hummingbird Resources' acquisition of the Kouroussa gold project, a development asset in Guinea, from Cassidy Gold for an initial US$10 million fee.

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