Arab Today, arab today rbs hopes to close 4 mena deals worth 2bn in 2012
Last Updated : GMT 08:53:10
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

 



Arab Today, arab today

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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