01.03.2010 - Morgan Stanley says it’s working on Mideast restructuring deals
From Businessweek.com: Morgan Stanley & Co is working on a “number” of restructuring transactions in the Middle East that involve companies selling assets to repay debtors, the bank’s regional executive director for mergers and acquisitions Peter Fort said. Fort said sovereign wealth funds in Abu Dhabi and Qatar will continue to lead mergers and acquisitions 66 in the Middle East this year, although it will be more “regional and local” like the planned purchase of a 70 percent stake in U.A.E. construction company Arabtec Holding PJSC by Abu Dhabi- owned Aabar Investments PJSC, rather than international...........................................Full Article: Source
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