Banks See Fast Pace for Mideast, Africa Deals in Bumper Year - Bloomberg:
"Asset sales from Saudi power plants and football clubs to African energy firms are set to help deliver a bumper year for deals in the region.
Investment banks expect the pace of transactions in the Middle East and Africa to gain momentum after a busy first quarter. Mergers and initial public offerings in the first three months of 2018 were higher in value than in the same period last year, while bond sales were the second-highest on record, according to data compiled by Bloomberg. Bankers say that with a good pipeline of deals to work on, activity should increase further.
Globally, economic growth and relatively cheap funding have encouraged firms to buy rivals. In the Middle East, lower oil prices are prompting governments to seek external funding from bond and asset sales. IPOs raised $3.2 billion in the first quarter, making it the most active start to a year since 2015, the data show. Completed mergers worth $4.2 billion exceeded the $3.6 billion a year earlier.
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