Shells $2.4bn Nigerian Sale Tops Africas M&A Transactions in 2024 Report

Shell's $2.4 billion sale of its Nigerian assets is the largest mergers and acquisitions transaction in Africa for 2024, according to data from DealMakers AFRICA. The deal sets a notable mark for Africa's M&A market this year.

Shell's $2.4 billion sale of its Nigerian assets has taken the top spot as Africa's largest mergers and acquisitions (M&A) transaction for 2024, according to data from DealMakers AFRICA. The deal marks a significant milestone in the region's M&A landscape, with Shell's assets being sold off after years of operations. This sale is expected to have a profound impact on Nigeria's energy sector and will likely pave the way for new investment opportunities. With this deal, Africa has solidified its position as a key player in global M&A activity.