Arab Today, arab today rbs hopes to close 4 mena deals worth 2bn in 2012
Last Updated : GMT 09:09:51
Arab Today, arab today
Arab Today, arab today

RBS hopes to close 4 MENA deals worth $2bn in 2012

Arab Today, arab today

Arab Today, arab today RBS hopes to close 4 MENA deals worth $2bn in 2012

Edinburgh - Arabstoday

Royal Bank of Scotland hopes to close four acquisiton deals in the Middle East and North Africa next year worth more than $2bn despite a tough funding environment and a widenening gap in price expectations between buyers and sellers. \"We\'re advising on a total of four deals that will hopefully happen next year,\" Tom Emmet, RBS\' managing director and head of corporate finance and equity capital markets for the Middle East and Africa, told Reuters in an interview. \"The deals in total are between $3.5bn and $4bn of enterprise value. The total deal value would be probably about $2bn,\" he added. Royal Bank of Scotland, which is currently advising Saudi Arabia-based Aujan Industries on the sale of a 50 percent stake to The Coca-Cola Company for $980m, is mandated on two deals involving utilities in Bahrain and Jordan, Emmet said. \"We\'re also working on one acquisition into Europe and we\'re working on a deal that involves Asia, Europe and the Middle East,\" he said. But getting merger and acquisition deals done in tough markets remains the biggest challenge despite a healthy growth in the total value of deals closed so far this year. Total M&A deal value in the Middle East and North Africa region grew by 8 percent in the first half of this year to $20bn, according to consultancy Ernst & Young. \"Deals that get done are deals that have such compelling industrial logic...for both parties to get the deal done regardless of market environment,\" Emmet said. \"It usually hinges on a very important variable which is: do you have a serious seller and do you have a buyer who has the financial flexibility to access financial markets to get the deal done.\" Valuation gaps between buyers and sellers have resulted in deals not happening, and funding remains tough as European banks retrench. Kingdom Holding and Bahrain Batelco\'s $950m offer for a 25 percent stake in Zain Saudi failed in September due to disagreements between the parties in the transaction and the indebted Saudi telco\'s banks. In 2009, Dubai Holding, owned by the ruler of the Gulf emirate, and Emaar, the Arab world\'s largest listed developer, ended talks to to merge four local real-estate companies. \"If you\'re not a large group with deep pockets, either cash on your balance sheets right now or a clear ability to utilise bank lines that are in place...I think it\'s a tough environment. The banking side of the funding remains tight and banks are still deleveraging,\" RBS\'s Emmet said. According to Emmet, the willingness of buyers and sellers to adjust asset valuations tends to be slower in downward markets, which will continue to be one of the challenges to overcome in the Middle East.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rbs hopes to close 4 mena deals worth 2bn in 2012 Arab Today, arab today rbs hopes to close 4 mena deals worth 2bn in 2012

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rbs hopes to close 4 mena deals worth 2bn in 2012 Arab Today, arab today rbs hopes to close 4 mena deals worth 2bn in 2012

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday