Royal Bank of Scotland eyes four M&A deals in MENA in 2012 .

By bne IntelliNews December 16, 2011
Royal Bank of Scotland (RBS) plans to close four acquisition deals in the MENA region in 2012 worth more than USD 2bn, RBS' managing director Tom Emmet told Reuters in an interview. "The deals in total are between USD 3.5bn and USD 4bn of enterprise value. The total deal value would be probably about USD 2bn", he said. The bank is currently advising Saudi-based Aujan Industries on the sale of a 50% stake to The Coca-Cola Company for USD 980mn. It has also been mandated on two deals involving utilities in Bahrain and Jordan. Total M&A deal value in the MENA region grew by 8% in the first half of this year to USD 20bn, figures from consultancy firm Ernst & Young showed.

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