Merger and Acquisition activity targeting Sub-Saharan Africa companies grew in 2010 to a record $44 billion according to research published by Thomson Reuters.
The 2010 Sub-Saharan Africa Investment Banking Analysis says South Africa was both the most targeted Sub Saharan country accounting for 54% of activity, as well as the most acquisitive nation in 2010 with 93% of the deals. At the same time, investment banking fees in 2010 dropped 15% compared to 2009 to US$302 million.
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See the Thomson Reuters report here.
