Q1 2017 M&A deal value increased 61.8 per cent

· Middle East M&A benefits from US investment in Industrials & Chemicals sector

· Two major deals led M&A deal value to reach eight year high of US$ 5.5 billion

· Overall Q1 2017 deal value increased 61.8% compared to Q4 2016

Dubai, UAE — Merger market, the leading provider of M&A data and intelligence, has published its Q1 2017 M&A Brief for the Middle East. The report shows that the Middle East has benefitted from foreign and domestic investment in Industrials & Chemicals, with the sector driving first quarter M&A to reach its highest value in eight years (16 deals, worth US$ 5.5 billion), increasing 61.8% compared to the final quarter of 2016 (19 deals totalling US$ 3.4 billion). Mergermarket’s MENA Mergers 2017 forum will take place in Dubai on 8th May.

Record value was driven by two sizeable deals of over US$ 1 billion, including US-based Tronox Limited making a US$ 2.2 billion acquisition of Saudi Arabia’s National Titanium Dioxide Company, accounting for 40% of total regional M&A value. As a consequence, the Industrials & Chemicals sector was the most targeted, representing 55% of total Middle East deals, with total value hitting US$ 3 billion across just three transactions. The second largest deal of the quarter was the US$ 1.1 billion acquisition of a 19.83% stake in Arab Bank Group (Jordan) from Saudi Oger Limited, by a group of investors led by Sabih El-Masry.

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