Logo of The General Authority for Competition (GAC)
The General Authority for Competition (GAC) said 15 merger and acquisition (M&A) deals took place without informing the authority in 2022, with legal measures taken against them.
In its annual report for 2022, the authority stated that the information & communications and transformative industries sectors equally topped the list where the unreported deals were monitored.
|
Unreported M&A Deals by Sector in 2022 |
|
|
Sector |
Share in Total |
|
Transformative industries |
19% |
|
Information & telecommunications |
19% |
|
Healthcare & social work activities |
8% |
|
Holding companies' activities |
8% |
|
Education |
8% |
|
Construction |
8% |
|
Professional, scientific & technical activities |
8% |
|
Financial & insurance activities |
8% |
|
Water supply, sanitation activities & waste management & treatment |
4% |
|
Transportation & storage |
4% |
|
Architectural engineering & related technical advisory services |
4% |
|
Management & supervision of municipal activities & services |
4% |
Acquisition deals topped unreported deals by 78%, as shown in the following table:
|
Unreported M&A Deals by Type in 2022 |
|
|
Deal Type |
Share in Total |
|
Acquisition |
78% |
|
Joint venture |
12% |
|
Merger |
10% |
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