Egypt seizes 14% of mergers, acquisitions deals in Middle East

Egypt’s share of total mergers and acquisitions deals made in the Middle East is estimated at 14 percent in 2015, state’s Trade and Industry Minister Tarek Qabil announced Tuesday.

He added that the Egyptian markets witnessed many mergers and acquisitions deals in different sectors; financial, industrial, pharmaceuticals, health services, as well as building and construction.

The minister made these remarks during a workshop held by Egyptian Competition Authority (ECA) on amending the Competition Law to allow for prior monitoring of mergers and acquisitions.

The workshop was held in cooperation with Cabinet’s  Information and Decision Support Centre (IDSC).

Qabil added that the number of mergers and acquisitions deals globally rose by 28 percent in 2015 to hit 90,000 with value estimated at more than US$6 billion.

Moreover, the minister added that these deals were strategic through which economic entities aimed at upgrading their competitiveness by acquiring the large share of the international markets.