In the Middle East and Africa oil & gas industry, there were 39 M&A deals announced in Q2 2023, worth a total value of $2.7bn, according to GlobalData’s Deals Database. The $886.5m acquisition of abu dhabi national oil by dhs ventures & holdings was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Middle East and Africa increased by 35% in Q2 2023 compared with the previous quarter’s total of $2bn and fell by 17% as compared to Q2 2022. Related deal volume decreased by 11% in Q2 2023 versus the previous quarter and was 29% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q2 2023 were Rothschild & Co; Clearwater International; FirstRand with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa Q2 2023 were Baker & McKenzie; Bracewell; Latham & Watkins with 2, 2, 2 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.