The appetite for investments in Angola and Mozambique has not decreased despite the economic downturn, according to data provided by mergermarket, the leading independent M&A intelligence tool. Mergermarket has identified 172 potential targets across all the industries since the beginning of the year in both Angola and Mozambique. This is almost the same figure that was recorded in the entire 2011. Even though the completed transaction are not at the same level of the boom year of 2010 for Angola and 2007 for Mozambique, there are several deals in the pipeline of the main M&A participants. Apart from the usual suspect “energy and utility,” industrial services, consumer and transport are active sectors.
The more stable investment environment, the commitment by the local governments to invest money in infrastructure projects and the increased transparent are making overseas investors more confident of the potential of the two countries, said Giovanni Amodeo, Global Editor in Chief for mergermarket.
Players from the Middle East, Canada and Western Europe are also trying to take advantage of opportunities in the region, following the steps of the US, China, South Africa and Brazil which have already established a presence there, the data also show. Gas in Mozambique and oil in Angola are the two main drivers for more M&A, Amodeo concluded, adding that the Cove Energy transaction will surely be the trigger for more consolidation in the region
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mergermarket, part of The Mergermarket Group, is an unparalleled, independent M&A intelligence tool used by the world’s foremost financial institutions to originate deals. It provides proprietary intelligence on potential deal flow, potential mandates and valuations via the world’s largest group of M&A journalists and analysts who have direct access to the most senior decision-makers and corporates.
Incorporated in December 1999 by founders Caspar Hobbs, Charlie Welsh and Gawn Rowan Hamilton, it has since become the fastest growing business in its sector. As well as expanding its coverage across Europe, Americas, Latin America and the Asia-Pacific region, the company continues to launch ground-breaking products and services.
In August 2006 The Mergermarket Group was acquired by the Financial Times Group, publisher of the Financial Times newspaper and FT.com. FT Group is a division of Pearson plc, the international media group. For further information, please see: www.mergermarket.com
Source: Mergermarket – Press Release – 21 May 2012