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05 Feb 2019, Gergana Bencheva, EMIS Editor

M&As in UAE more than double y/y in 2018

The UAE saw mergers & acquisitions (M&A) deals in the country more than double to USD 10.4 billion for 2018, Gulf News reported referring to data provided by M&A data and intelligence specialist Mergermarket. The total deal count in the region over the year went up by 15 deals to 148.

The most significant contribution to the M&A deal increase in the Gulf country was made by Abu Dhabi National Oil Company (ADNOC). Over the year, the company made a series of seven divestments on its energy assets worth USD 6.2 billion.

In general, the Middle East and North Africa (Mena) region saw its M&A deals jump by 68.7% on an annual basis to USD 26.76 billion for 2018. In addition to the UAE, Saudi Arabia and North Africa also boasted blockbuster deals last year, Gulf News added.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Gulf News