Middle East's M&A deals increase 4% y/y in August.

By bne IntelliNews August 30, 2010
According to a report by M&A research company Zephyr, the total value of merger and acquisition (M&A) deals in the Middle East region increased by 4% y/y to USD 941mn in August. Despite the increase, the company said, deals volume dropped by 28% m/m to 55 transactions during the month. Lebanon accounted for 58% or USD 545.8mn of total deals value in August, followed by Saudi Arabia with 36% or USD 331mn. A recent report by business research Portfolio Media expected M&A deals to grow further in H2 of 2010 and 2011 following the increasing role of regional sovereign wealth funds and the relative easing of access to credit.

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