In the Middle East and Africa mining industry, there were 19 M&A deals announced in Q3 2023, worth a total value of $396m, according to GlobalData’s Deals Database. The $324m minority acquisition of Egyptian American Steel Rolling, Egyptian Sponge Iron & Steel and International Steel Rolling Mills by National Service Projects Organization was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for Q3 2023 helps discover the latest insights on Mining Industry M&A transactions. The report uncovers the analyzes the disruptive themes behind the most notable deals, and helps anticipate shifts in the industry landscape. Buy the report here.
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In value terms, M&A activity in Middle East and Africa increased by 26% in Q3 2023 compared with the previous quarter’s total of $313.7m and rose by 876% as compared to Q3 2022. Related deal volume increased by 12% in Q3 2023 versus the previous quarter and was 6% higher than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q3 2023 were Macquarie Advisory and Capital Markets South Africa; Standard Bank Group; Allenby Capital with 4, 4, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa Q3 2023 were Nortons; Alchemy Law Africa; Davis Polk & Wardwell with 5, 4, 4 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
