| Increased appetite from sovereign funds and restructuring-driven asset sales will help drive a modest recovery in mergers and acquisitions (M&A) in the Middle East and North Africa (Mena), the head of HSBC’s regional advisory business said.
While global markets are teetering under the impact of a sovereign debt crisis in the eurozone and a slowdown in the US economy, a sharp fall in asset values may present an opportunity for these cash-rich funds with a mandate to invest their state’s hydrocarbon revenues, Omar Mehanna told Reuters..............................................Full Article: Source
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