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MEA deal activity climbs in Q2

Deal activity across the Middle East and Africa rose by 17% in Q2 compared to the four-quarter average, with 28 transactions announced from March-June, according to GlobalData’s deals database.
MEA deal activity climbs in Q2 MEA deal activity climbs in Q2 MEA deal activity climbs in Q2 MEA deal activity climbs in Q2 MEA deal activity climbs in Q2

28 transactions were announced across the Middle East and Africa region from March-June

Staff reporter

The total transaction value of US$1.44 billion was propped up by private equity firm Templar Investments' US$1 billion takeover of Oman-based Jindal Shadeed Iron and Steel, announced at the end of June.

Traditional M&A deals announced during the COVID-hit quarter included Northam Platinum's $69 million acquisition of Zambezi Platinum and Hummingbird Resources' acquisition of the Kouroussa gold project, a development asset in Guinea, from Cassidy Gold for an initial US$10 million fee.