Egypt top country in mergers and acquisitions
The global law firm Baker McKenzie released a report ranking Egypt third after the US and the UK in terms of deal volume of M&A in H1 of 2021 with 8 deals.
The energy and power industry had the lion’s share with 6 deals worth $15.5bln followed by consumer products and service industry with only $4bln.
Egypt also came 1st as the most popular target country by value and second by volume of outbound deals with 18 deals worth $1.8bln with the high-tech sector as the primary interest for investors.
Baker McKenzie stated that the global trend in H1 of 2021 is to rebound after a difficult 2020 which is logical with the increase in vaccinations and economies opening after a year of uncertainty.