FINANCIAL NEWS

Middle East M&A activity drops 38% in H1

06 Jul 2010

(MENAFN) The Zephyr M&A Report for the first half of this year showed that the value of mergers and acquisitions (M&A) activity targeting the Middle East fell by 38 percent in the first half of 2010 despite an 86 percent increase in volume, Reuters reported.

According to the report, the first half figures indicate a drastic fall in deal values across the region. The total deal value for the region amounted to $11.91 billion in the first half, marginally up from $11.42 billion in the same period last year and substantially down from $19.25 billion in the second half of last year.

The number of deals in the first half of this year was up by 73 percent from 132 in the same period last year to 229, the report said.

Last month, Ernst & Young Middle East reported M&A deal values in the Middle East and North Africa (Mena) region dropped by 59 percent to $6.5 billion in the first quarter of 2010 compared to deals worth $15.8 billion in the same period last year.

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