Call for corporate takeover code - The National Newspaper

The UAE lags its regional peers in developing a corporate takeover code to promote merger and acquisition (M&A) activity in the country, a senior banker said.

Guidelines for private companies taking over publicly-listed businesses are needed after the global downturn, said Peter Fort, the executive director at the investment bank Morgan Stanley in Dubai.

“In the UAE there’s almost a complete lack of M&A regulatory framework, which makes M&A transactions that involve public companies very difficult,” Mr Fort said.