| |
|
|
 | Total value of MENA's M&A down 40% in Q1: E&Y  | |
MENAFN -
- 25/04/2012
|
|
|
(MENAFN) Ernst & Young MENA head of transaction advisory services, Phil Gandier, stated that in the first 3 months of the year, the total value of mergers and acquisitions (M&A) in the Middle East and North Africa (MENA) region dropped 40 percent from 2011's same period to USD8.5 billion, reported Arabian Business.
Gandier added that the two largest deals in the region were both valued at USD2 billion, the first was the purchase of a 5.63 percent equity stake in Brazil's Grupo by Abu Dhabi's Mubadala in March, whereas the second was the acquisition of a 40 percent stake in India's UAE Exchange & Financial Services in February by Centurion Investment.
Moreover, France Telecom SA bought a stake in Egyptian Company for Mobile Services, valued at USD973 million.
He also said that the average deal size fell 34.7 percent to USD242.9 million from USD372.1 million in last year's same period.
It is worth noting that M&A deals in the MENA region showed an 18.1 percent rise in the first quarter when compared to 2011's final quarter.
|
| |
|
|
MENA News Headlines
|
 | May 20 2013 | Dubai's DEWA launches USD29m substation ,MENAFN | | (MENAFN) Dubai Electricity and Water Authority (DEWA) MD and CEO, HE Saeed Al Tayer, announced that the utility has opened a substation in Dubai Marina valued at USD29 million, reported Arabian ... |
| | May 20 2013 | Strong foundation for a thriving 'Medical Tourism' industry in UAE ,MENAFN Press | | (MENAFN Press) Dubai, UAE:
The UAE is currently witnessing progress in the global medical tourism industry today. Being a melting pot of cultures and located only a few hours away from one third ... |
| | May 20 2013 | Saudia to start flights to LA, Toronto ,MENAFN | | (MENAFN) Saudia's deputy director general, Abdul Aziz Al-Hazmi, announced that the Kingdom's national carrier will add Los Angeles and Toronto to its North American network, reported Arabian ... |
| | May 20 2013 | Indonesia names new finance minister ,AFP | |
(MENAFN - AFP) Indonesia's president on Monday named the country's investment chief as the new finance minister, putting him in charge of Southeast Asia's top economy at a time of major ... |
| | May 20 2013 | EU, China have 'much to lose' in case of trade war ,AFP | |
(MENAFN - AFP) The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they ... |
| | May 20 2013 | Yahoo! to buy blog-maker Tumblr for $1.1 bn ,AFP | |
(MENAFN - AFP) Yahoo!'s board has approved a deal to purchase the popular blogging platform Tumblr for $1.1 billion in cash, The Wall Street Journal reported.
The deal, if confirmed, would be the ... |
| | May 20 2013 | Britain's Cameron makes personal plea to tax havens ,AFP | |
(MENAFN - AFP) British Prime Minister David Cameron on Monday wrote to leaders of oversees tax havens, urging them to help the country's efforts to combat tax evasion and avoidance.
Cameron sent a ... |
| | May 20 2013 | Danone strikes deals to meet China's taste for yogurt ,AFP | |
(MENAFN - AFP) French food industry group Danone is ramping up its presence in the growing Chinese market for dairy products with two deals on Monday to tap sales of yogurt and health foods, the ... |
| | May 20 2013 | H&M mulling production in S. America, Africa: CEO ,AFP | |
(MENAFN - AFP) Swedish fashion giant H&M is considering starting production in South America and Africa, chief executive Karl-Johan Persson told the Financial Times in an interview published on ... |
| | May 20 2013 | Alzheimer's leaves bilingual victims stranded in Canada ,AFP | |
(MENAFN - AFP) The devastating effect of Alzheimer's disease on bilingual people has been thrown into focus in Canada, where the sudden loss of a second language can leave sufferers feeling like ... |
|  more... |
|
|
|
|
 |
|
|
|
|
