Three new M&A deals were announced during the week ended 31 August, down from four during the week prior. On a year-to-date (YTD) basis, volumes and values remain well below 2019 levels, although some recent large transactions have boosted the value fgure. The week’s most notable deal was Industries Qatar’s agreement to acquire a 25% stake in fertilizers maker Qafco from Qatar Petroleum for $1 billion. Qafco is a major producer of ammonia and the world’s largest single-site urea producer, according to IQ. It has capacity for about 3.8 million metric tons/year (MMt/y) of ammonia, of which approximately 80% is used as feedstock for urea production and the rest is exported.
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