06 Feb 2012
(MENAFN) Ernst & Young said that last year, the combined value of mergers and acquisitions (M&A) in the Middle East and North Africa (MENA) region dropped to USD31.7 billion, from USD44.1 billion in 2010, reported Arab News.
E&Y added that although slower economic growth affected prices, the number of deals in the period went up 4 percent to 416 from 401 a year earlier, with the UAE recording 49 deals, followed by Saudi with 44 deals.
It also said that sovereign wealth funds represented 11 percent of deals, whereas diversified industrial products accounted for 37 deals worth around USD680 million and real estate with 28 deals valued at USD3.6 billion.
It is worth noting that in the period, domestic deals exceeded inbound and outbound deals, representing nearly 54 percent of total announced deals.
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