Baker McKenzie forecasts Egypt to have third-highest value of 2019 M&As in the MENA region: The total value of M&A transactions in Egypt next year is expected to be the third-highest in the MENA region, Baker McKenzie says in its 2019 Global Transactions Forecast (pdf). The international law firm sees the value of domestic M&A activity here rising to USD 1.372 bn in 2019, while cross border M&As involving Egypt could hit USD 2.93 bn in 2019 and rise to USD 3.141 bn in 2020.

Egypt IPO outlook: Baker sees Egypt being home to IPOs worth USD 555 mn in 2019, up from USD 317 mn this year. However, the firm expects that figure to fall by nearly half in 2020 to USD 304 mn before recovering the following year to USD 471 mn. Egypt fell on Baker McKenzie’s Transaction Attractiveness Indicator to 40th from 39th in 2018. The indicator rates the attractiveness of the country’s environment for M&A and IPO activity based on 10 key economic, financial, and regulatory factors that are typically associated with higher M&A and IPO activity.

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