Egypt Ranks First In Q2/2012 Buyout, Merger Deals

Egypt has ranked first in the Arab world for the amounts of acquisition and merger deals made and signed during the second half of 2012. Egypt has witnessed about 8 buyout deals; France Telecom’s deal to seize Egyptian Company for Mobile Services Mobinil – (EMOB.CA) stakes has been one of the most major deals signed during that period.

Emirates ranked second as it has witnessed 6 deals during H1/2012. Kuwait has come third and Saudi Arabia fourth; while Bahrain and Oman came bottom.

During the second quarter of 2012, the Arab region has witnessed a remarkable boom concerning signing merger and acquisition deals.

The Q2/2012’s deals have reached around 43; ten still await regulatory approvals. Therefore, Q2/2012 announced deals totaled at $16.73 billion. While, Q1/2012 deals were totaled at $1.6 billion for 34 deals.

At sectors level, the financial services sector ranked first for the amounts of deals signed during H1/2012. The financial services sector has witnessed signing 5 deals, noting that this sector includes banks, insurance firms, etc.

Services sector ranked second for having 3 deals. Sectors of health, tourism, entertainment and information ranked third witnessing 2 deals in each.

One of the most major deals signed during H1/2012 was EuroMena Fund II’s acquisition offer to seize 51% of Egypt’s Al O’youn Al Dawli Hospital stakes and 40% of  Oman Medical Projects Co. (OMPS) stakes for $10.75 million. There is also News Corp’s buyout deal to seize 4.50% of Rotana Media Group, majority-owned by Saudi billionaire Prince Alwaleed bin Talal,  stakes for $35 million.

Sectors of Utilities, Building Materials, Energy and IT came bottom for having one deal for each, according to latest report made by Capital Link Globe which works in fields of acquisitions and mergers.