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FINANCIAL NEWS
M&As in ME hit USD1.77b in April
04 May 2013
(MENAFN) According to Zephyr, the M&A database published by Bureau van Dijk, last month’s mergers and acquisitions (M&A) in the Middle East increased to USD1.77 billion from USD347 million in March, reported Khaleej Times.
The report showed that the value is higher by five times from the end of the previous month.
However, in terms of volume, M&A deals declined by 60 percent to 18, the lowest in 12 months.
The report revealed that the largest deal by value took place in Kuwait, with a value of USD1.017 billion, representing 57 percent of the region’s total value, and being the only deal valued at more than USD1 billion.
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