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Article: Kuwait: MENA sees M&As worth $3.83bn in June.
- Article from:
- TendersInfo
- Article date:
- July 23, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
The MENA region witnessed altogether 27 deals announced worth US$3,831mn during June 2008 which is the third largest amount this year with the average deal size being approx. US$142mn as depicted in the chart that follows. (Chart 1)
l During June 2008, the largest transaction by value involved Qatar Telecom s announcement of launch of tender offer to buy 44.9% of Indosat, Indonesia s second largest mobile phone operator. Qatar Telecom has offered a price of US$0.80/share, a 19% premium on existing share price of US$0.70/share as on June 25, 2008; with transaction valued at US$1.95bn. The offer is pending approval from the Indonesian ...
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