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  • 20-12-22

    BCG: Green agreements support Mideast M&A actions regain to pre-epidemic levels

    (MENAFN) With the Middle East indicating the peakiest rate of green growth worldwide, the area’s mergers as well as acquisitions strategies have regained to pre-pandemic levels, as shown by the most recent report.

    In line with the Boston Consulting Group report, the Middle East registered 283 M&A agreements in the first 9 months of the current year — a rise of 16 percent from the same time span in 2021— with an overall worth of USD23.8 billion.

    The BCG report with a title ‘The 2022 M&A Report’ indicated a massive upward trend in ‘green’ agreeemnts during the last decade, with the robust growth happening last year when Middle East agreement capacities almost surged by 100 percent to stand at 10.3 percent after two softer years for broader M&A activity and green transactions.

    During the last ten years, the report indicated, the energy and utilities industry had the peakiest stake of green M&A and the biggest growth, representing a 98 percent rise in agreements from 2020-2021, constituting in 10 percent of M&A agreements in the Middle East last year.

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