Time for Gulf entities to initiate own merger plays | GulfNews.com:
"A wave of ground breaking mergers is again sweeping through the developed world and which would have significant repercussions on global economic developments.
Within a week’s time frame, Shell, the energy giant, announced its acquisition of British Gas in a deal worth $50 billion (Dh184 billion), which came just three days after Finland’s Nokia confirmed plans to buy rival Alcatel-Lucent, the French telecom company, for $15 billion.
Last month, Kraft and Heinz announced a merger that will make the $28 billion unified entity the third largest food company in the US and the fifth largest in the world. The total size of mergers and acquisitions amounted to $3.34 trillion last year, up 5 per cent compared to 2013."
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