Home>News & Insights>Insights>January 2024 top M&A deals in emerging markets by regionJanuary 2024 top M&A deals in emerging markets by region EMIS Insights EMIS 10.03.2024 1 min read Emerging Europe Maaden International Investment, an Omani investment firm, acquired a 23.9% stake in major Russian precious metals miner Polymetal International from the Russian ICT Group, owned by Alexander Nesis. Financial specifics of the transaction were not disclosed, but market estimates suggest a deal value ranging between USD 520-570mn, as per Vedomosti daily. This transaction signifies ICT Group’s complete exit from the asset. Middle East & Africa UAE-based Gulf Islamic Investments acquired a stake in Saudi healthcare provider Abeer Medical Company for SAR 600mn (USD 160mn) in a move that aims to support the latter’s expansion of medical center and hospital network. This marks Gulf Islamic Investments’ second foray into the Saudi healthcare sector, following an investment in the dental clinic chain Al Meswak. Latin America and the Caribbean El Salvador’s food retailer Grupo Calleja secured an 86.8% stake in Colombian retail company Almacenes Exito (Grupo Exito) for over USD 2.0bn through a tender offer on both the Colombia and New York stock exchanges. Operating across multiple brands in Colombia and Argentina, Grupo Exito is a prominent player in the retail sector. Grupo Calleja is the leading supermarket chain in El Salvador, boasting over 110 stores under its Super Selectos brand with a market share nearing 60%. Emerging Asia American Tower Corporation (ATC) revealed its plans to divest its Indian affiliate, ATC India, in a deal worth INR 210bn (USD 2.5 billion). The buyer is Canadian investment firm Brookfield Asset Management, acting through Data Infrastructure Trust. The transaction, valued at USD 2bn, incorporates the target’s valuation, along with a ticking fee accruing from October 1, 2023, until the completion date, scheduled for second half of 2024. EMIS alongside leading global law firm CMS, are pleased to have launched the Emerging Europe M&A 2023/24 Report, exploring the trends and data within the region, on both a country and sector basis. Download your complimentary copy. Original source: EMIS M&A Dealwatch Tags Emerging MarketsTop DealsRecent Posts Vietnam's property market shows signs of recovery CEIC 10.04.2026 Publications In Vietnam, the property sector is lively again. Amid strong demand and persistent supply shortages, @Savills' residential property-price indices are showing a strong uptick for housing in both Hanoi and Ho Chi Minh City. Our ASEAN Premium database is unlocking more signals for some of the world's most dynamic economies. Read More As the West’s sourcing of key minerals diversifies, China remains in control of value chains CEIC 10.04.2026 Publications For many critical minerals, China is maintaining its dominance of the value-added industries downstream from extraction. This is the case even as the US, Europe and Japan accelerate efforts to secure resources and friend-shore their supply chains. Read More The Turkish central bank unloads gold at near-record prices CEIC 10.04.2026 Publications Since the outbreak of war between the US, Israel and Iran, the Central Bank of the Republic of Türkiye (CBRT) has relied heavily on its gold reserves as a financial shock absorber. Read More Sorry, no articles match the current filters. Sorry, no articles match the current search query.