PAN-AFRICA STATISTICAL REVIEW Chart G: Oil & Gas M&A (volume)
10 15 20 25 30 35
0 5
2005 2006 2007 2008 2009 2010 2011 2012
West Africa (inc Nigeria)
Nigeria
East Africa Southern Africa Central & Middle Africa
(inc Angola) Angola Horn of Africa
Chart H: Oil & Gas M&A (value)
1000 2000 3000 4000 5000 6000
0 2005 2006 2007 2008 2009 2010 2011 2012
West Africa (inc Nigeria)
Nigeria
East Africa Southern Africa Central & Middle Africa
(inc Angola) Angola Horn of Africa
Chart I: Mining, Oil & Gas, Metal & Steel and Utility & Energy M&A 2012 by acquiror nationality
Middle East (26)
North America (689)
Chart J: M&A Mining, Oil & Gas, Metal & Steel and Utility by acquiror origin
North Asia (3,274) India (44)
SE Asia (1)
Europe (7,191)
(Total - $17.72 billion)
European acquirers close $7.19 billion of deals In 2012, one third of all M&A transactions in Sub-Sahara’s oil and gas, mining, metals and steel, utility and energy sectors were by ac- quirers based in the region; the market totalled $6.1 billion and saw 89 transactions. Two thirds of the market was occupied by interna- tional acquirers and the biggest single investors were European com- panies, which saw a 70% increase in the overall value of its M&A transactions compared to 2011, up to $7.19 billion in 58 transac- tions, marking the highest value of deals in the past seven years (Charts I and J).
Africa (6,096) Australia (397) North Asia was the second biggest investor, with M&A transac-
tions totalling $3.27 billion in 10 deals, nearly half the value of 2011, while Australia based acquirers closed 72 transactions worth a total of $397 million and North American companies completed 64 deals, the highest number over the past seven years, worth $689 million. Contrary to some trends indicated by lawyers working on the region’s deals, the Middle East had a relatively low profile, while activity from Indian sub-continent investors also dropped in 2012 to its lowest since 2005. The statistics for intra-regional show that Nigeria topped the M&A
statistics in terms of value of transactions, with deals worth $3.14 bil- lion, while South Africa closed 48 transactions worth $1.8 billion. This is a reversal in the status quo, which has seen the South African market over the past seven years average about nine times the size (in M&A value) and above 10 times the volume of the Nigerian market.
2000 4000 6000 8000 10000 12000 14000
0
2005 2006 2007 2008 2009 2010 2011 2012 International
Intra-regional
6 ENERGY & INFRASTRUCTURE | SUB SAHARAN AFRICA 2013
no. of deals
$ million
$ million
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