Emal and Dubal union helps lift merger fees 28% - The National:
"The value of Middle East and North African mergers and acquisitions rose by 30 per cent to US$14.7 billion in the first half of the year, aided by the merger of two UAE aluminium producers.
The $7.5bn merger of Emirates Aluminium (Emal) and Dubai Aluminium (Dubal), announced last month, helped the regional M&A market to enjoy its best first half since 2008, according to the investment banking analysis released by Thomson Reuters yesterday.
"The UAE was the most active Middle Eastern country, being both the most targeted and the most acquisitive country in the region so far this year," said Russell Haworth, the managing director, Middle East & North Africa at Thomson Reuters. "India was the most popular target for outbound Middle Eastern M&A transactions, while the United States registered the highest value of inbound M&A deals targeting the Middle East.""
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