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FINANCIAL NEWS
GCC registers 14 percent increase in M&A transactions
04 Apr 2016
(MENAFN) The GCC countries viewed a 14 percent year-on-year increase in the whole number of closed M&A transactions through Q4, 2015.
Moreover, Qatar’s top transactions involved Nebras Power and Al Meera Holding Co., while Nebras acquired 9.75 percent of Phoenix Power at USD 39mn.
Additionally, the UAE had the highest number of closed transactions amid its GCC equivalents across Q4, 2015, which accounted for 50 percent.
GCC acquires valued 63 percent of the whole closed transactions during the cited quarter, whereas the Industrials and Consumer sectors accounted for 51 percent.
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