Merger, acquisition transactions reach $25.7bn in sub-Saharan African

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United States News News

Johnson OkaforRefinitiv has released the 2020 investment banking analysis for sub-Saharan African.According to the analysis, the value of announced merger and acquisition transactions with ...

According to the analysis, the value of announced merger and acquisition transactions with any sub-Saharan African involvement reached $25.7bn during 2020.

The value of deals with a sub-Saharan African target declined 39 per cent to a sixteen-year low of $12.5bn as domestic M&A within the region declined 44 per cent from last year and the combined value of inbound deals reached just $7.1bn, the lowest annual total since 2009. “With advisory work on twenty deals worth a combined $4.4bn, JP Morgan holds to the top spot in the financial advisor ranking for deals with any sub-Saharan African involvement during 2020.”

Advisory fees earned from completed M&A transactions generated $108.3m, down 55 per cent year-on-year to the lowest level since 2013.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you can spare the sum of 3,000 naira so me and my family can buy some food please do. God bless you. UBA BANK 2132295910 MICHAEL SEUN

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines