The report showed that in 2023, the total volume declined by 53% to reach 139 deals and the deal value declined by 62% to reach $3.48 billion
Egypt’s mergers and acquisitions (M&A) in the second half of 2023 increased by 32% in deal volume to reach 79 deals compared to 60 deals in the first half of 2023, according to the latest report by Baker McKenzie. The total value increased by 383% in the second half of 2023 to $2.8 billion compared to $597 million.
The report showed that in 2023, both total volume declined by 53% to reach 139 deals and deal value declined by 62% to reach $3.48 billion.
Throughout most months of FY 2023, overall deal activity in Egypt remained restrained. However, December emerged as the strongest month, witnessing 20 deals. In terms of deals value, December outperformed all other months in the year, reaching $1.6 billion which surpassed all monthly values recorded in 2022.
