MENA's M&A activity drops by 40% y/y in 2009.

By bne IntelliNews January 7, 2010
MENA's mergers and acquisitions (M&A) dropped by 40% y/y to reach USD 13bn in the last year, which is also 67.5% decrease from 2007, a report by Reuters said. Middle Eastern equity capital markets slid from USD 36bn in 2008 to USD 6.9bn last year, with the overall fees for investment bankers and advisers almost halving during the same period to USD 599mn, the report added. Equity issues dropped by 81% y/y to USD 6.9bn, while loans fell by 81.5% to USD 17.1bn. Debt instrument issues rose by 151% to USD 38.3bn. Reuters showed that HSBC holds the top spot in local debt and equity capital markets' fee rankings with USD 13.4mn and USD 8.1mn respectively.

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