‎Competition Authority approves 43 M&As in Q2 2022

14

Logo of The Stylish Authority for Competition (GAC)


The Stylish Authority for Competition (GAC) issued 43 no-objection certificates for mergers and acquisitions (M&As) within the 2d quarter of 2022, an lengthen of 23% 365 days-on-365 days (YoY).

Financial concentration applications by some distance flung places institutions accounted for 61% of total applications filed with GAC in Q2 2022, the authority mentioned in a most modern file.

M&A Applications in Q2 2022

Utility Form

Q2 2021

Q2 2022

Replace

Below Inquire of

14

9

(36%)

Carry out No longer Require Reporting

36

23

(36%)

Rejection

1

No-Objection

35

43

+23%

Total

85

76

(11%)

The data and communication sector made up 30% of total applications within the three-month interval.

Manufacturing industries, and wholesale and trade retail sectors followed with 14% and 9%, respectively.

M&A Applications by Sector in Q2 2022

Sector

No.

Data and Dialog

15

Manufacturing Industries

6

Wholesale, Retail Replace And Automobile Restore

4

Financial Actions and Insurance

3

Building and Construction

3

Electrical energy, Gasoline Supplies and Air-Conditioning

3

Nicely being and Social Work

5 %

Diversified

5 %

Transport and Storage

5 %

Professional, Academic and Technical Actions

5 %

Arts, Game and Entertainment

2 %

Agriculture and Fishing

2 %

Catering and Food

2 %

Water Supply and Raze Administration

2 %