In the Middle East and Africa oil & gas industry, there were 42 M&A deals announced in Q1 2023, worth a total value of $2bn, according to GlobalData’s Deals Database. The $621.7m acquisition of galp energia sgps by sociedade petrolifera angolana 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 decreased by 55% in Q1 2023 compared with the previous quarter’s total of $4.4bn and fell by 25% as compared to Q1 2022. Related deal volume decreased by 24% in Q1 2023 versus the previous quarter and was 20% higher than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q1 2023 were FirstRand; Morgan Stanley; Rothschild & Co with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa Q1 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.
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