M&A deals in MENA drop by 67% in 2009.

By bne IntelliNews April 1, 2010
According to a report by financial consultancy company Ernst and Young, the total value of mergers and acquisitions (M&A) in the MENA region dropped by about 67% y/y in 2009 to reach USD 34bn. The report noted that the number of deals declined by 24% to 353 last year. It added that while the number of outbound deals was down 42% y/y to 92 in 2009, the number of inbound deals was up 6% to 70 deals in the same year. The value of deals in the region in Q4 of 2009 alone shrank 73%. Average deal size decreased from USD 351mn in 2008 to USD 189mn in 2009, according to Phil Gandier, head of transaction advisory services at Ernst and Young Middle East.

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Dismiss