19 Aug 2013
(MENAFN) Mergers and acquisitions in the Middle East & North Africa (Mena) region more than doubled in value in the first six months of this year, Times of Oman reported.
According to Ernst & Young’s Mena mergers and acquisitions update, the value soared to USD10.6 billion in the first half of 2013 up from USD5.1 billion the same period last year, registering a 108 percent jump.
In this year’s first half, both domestic deal value and outbound deal value slumped by 13 percent and 37 percent respectively. Outbound deal value went down to USD6.6 billion from USD10.5 billion the same period last year.
“Seeing the value of inbound deals double since the first half of 2012 is an interesting trend, as both inbound and outbound deal flows have seen a reversal compared to a year ago, where outbound deal value was nearly double the value of inbound deals,” said Phil Gandier, Mena Head of Transaction Advisory Services at Ernst & Young.
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