Are Boards and CFOs in the Middle East Aligned When it Comes to M&A?

Analysis

With several high value mergers and acquisitions expected to take place in the MENA region over the coming months, the question of whether now is the time to consider an M&A growth strategy is becoming more evident.

Background

In light of this, Deloitte surveyed corporate directors and CFOs from public companies with revenue of US $500 million or more, to compare, contrast, and analyse their views on M&A and risk.

The “Bridging the Gap: M&A, Are CFOs and boards aligned” survey indicates industries like oil and gas, telecoms and financial services are all expected to see more robust M&A activity over the coming 12 months. This is buoyed by deals like Etisalat's offer to buy Vivendi's 53% stake in Marco Telecom for US $5.27 billion and China's Sinopec acquisition of a 33% minority stake in Apache Corporation's oil and gas business in Egypt for US $3.1bn. With many risks and issues to consider around M&A, there is an ever growing call for more effective handling of these transactions.