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FINANCIAL NEWS
Mideast M&A value soars
06 Feb 2015
(MENAFN) The total value of mergers and acquisitions, or M&A, targeting companies based in the Middle East soared in April 2013 to USD 1,770 million from the USD 374 million recorded in March, according to the latest report from Zephyr, Gulf Times reported.
The report also revealed that while the value of the deals in the Middle East were recorded as being five times higher over the four weeks under review, deal volume slumped 60 per cent to a new 12-month low of 18 deals.
“The significant rise in total deal values when compared to last year indicates an increased level of confidence in the Middle East M&A markets and that there may be more promising quarters ahead.
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