Middle Easts M&A deals fall to nine-month low in April 2011.

By bne IntelliNews May 3, 2011
The value of merger and acquisition (M&A) deals in the Middle East fell for a third month in a row reaching USD 484mn in April 2011, its lowest level since July 2010. For comparison M&A deals in April 2010 stood at USD 573mn. The number of deals fell by 59% y/y to 26. The top three transactions were fundraisers. UAEs Waha Capital, Bahrains Ahli United Bank and Syrias Fransabank-Syria announced plans to raise a combined USD 335 in capital hikes. The largest M&A deal was the acquisition of a 49% stake in Qatari scaffolding company Multiheight International from Singapores Nordic Flow Control.

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