Wednesday 12 January 2011

Middle East M&A activity hits new high in 2010 - bi-me.com

The Middle East was a hive of Merger and Acquisition activity in 2010 with more than 500 deals announced in the region, the most on record, according to Thomson Reuters 2010 Middle East Investment Banking Analysis.

Thomson Reuters review of the Middle East investment banking industry for the Full Year 2010 covers the region’s M&A, debt and equity capital markets. The review includes rankings of banks and advisors operating in the Middle East based on deal activity and fees and provides and independent assessment of the market.

In 2010, Middle Eastern M&A, based on target nation, reached US$31 billion, more than double the activity seen during 2009. Telecommunications was the most targeted industry in the Middle East with US$13.2billion, while Kuwait was the most active Middle Eastern country accounting for 46% of annual activity.

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