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Sunday, 19 November 2017

Egypt M&A and IPO activity to peak in 2019 -Baker McKenzie

Middle East and Africa M&A activity is forecast to peak at USD 41 bn and domestic IPOs at USD 7 bn in 2019, according to Baker McKenzie’s Global Transactions Forecast report. The report expects Egypt to follow suit, suggesting we’ll see USD 1.084 bn in domestic M&A transactions in 2018, growing to USD 1.551 bn in 2019, and then dropping to USD 1.051 bn by 2020. Regional cross-border M&A activity for the same years is expected to be USD 3.154 bn, USD 3.866 bn. And USD 3.794 bn from 2018 to 2020.

Egypt IPO outlook: The report sees the total value of IPOs in Egypt rising to USD 332 mn in 2018 from USD 226 mn this year. Total IPO values in Egypt will then peak at USD 549 mn in 2019 before falling to USD 275 mn in 2020, Baker forecasts. Egypt fell on Baker McKenzie’s Transaction Attractiveness Indicator to 39th from 36th in 2016. The indicator rates the attractiveness of a country’s environment for M&A and IPO activity based on 10 key economic, financial and regulatory factors that are typically associated with higher M&A and IPO activity. You can download the full report here (pdf) or browse the landing page here.

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