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Dubai | April 5, 2016 | 16:00
M&A activity targeting the Middle East and Africa during February was muted, with 14 deals worth $1.8bn representing a 56.5% drop by value compared to February 2015 (47 deals, $4.2bn), and a significant 33 fewer deals announced, according to a report by Mergermarket on global M&A activity. Despite the slow start to the year, there are signs that activity will pick up in 2016 – particularly in the oil and gas space where the global fall in oil prices is expected to cause distressed assets to come to market, the report said.
According to Mergermarket intelligence, distressed assets in the oil and gas sector could generate more deals in 2016 as the oilfield services industry adjusts to fallen oil prices. As a result, companies will look to consolidate in order to streamline operations and improve existing businesses.
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