The third quarter was the busiest period on record for Middle Eastern targeted merger and acquisition activity. According to Thomson Reuters Q3 Middle East Investment Banking Analysis, released on Sunday, Middle Eastern targeted M&A for Q3 reached $15 billion, 10 times the activity seen in the same quarter last year, and the busiest quarter on record.
Figures year to date reached $27 billion, the most active first nine months of the year on record. Telecommunications is the most targeted industry in the Middle East with $12 billion, 44 percent of the activity.
The Thomson Reuters report said Kuwait was the most acquired Middle Eastern country with $12.5 billion, 46 percent of the activity. United Arab Emirates is the most acquisitive Middle Eastern country for the first nine months of 2010 with 57.8 percent. Kuwaiti companies are the most attractive to Middle Eastern acquirers, with 37 percent of the activity.
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