M&A Analysis

On September 2, Dubai Islamic Bank (DIB) announced that it will buy a majority stake in the Industrial Development Bank of Jordan (IDB), a strategic investment that will pave the... 2008-09-03

There were sparks in Turkey's energy sector this week, as Zorlu Enerji confirmed that one of its subsidiaries, Zorlu Natural Energy had signed a US$350mn loan with foreign branches... 2008-09-03

EM-specialists and CFW-regular Aureos Capital has successfully sold its stake in Uganda Microfinance (UML) to Equity Bank, a major Kenyan bank listed on the Nairobi exchange. Aureos... 2008-09-03

Qatar Telecom (Qtel), the exclusive telecommunications provider in Qatar, said on September 2 that it is studying the possibility of bidding for Iran's third mobile license, in an... 2008-09-03

The Saudi Capital Market Authority (CMA) announced on August 25 that France's BNP Paribas has purchased a 25% stake in SAIB Asset Management, an affiliate of Saudi Investment Bank.... 2008-08-27

The buyout of Israel-based Gilat Satellite Networks by a consortium of private investors ran into trouble on August 25 when the buyers refused to close the deal. Terms of the deal... 2008-08-27

Dubai-based asset manager Daman Investments has confirmed that it will take the majority stake in Emirates Biodiesel (EmBio), a new venture aimed at producing the UAE's first biodiesel... 2008-08-11

Anglo-Swiss miner Xstrata made an unsolicited US$10bn bid for the world's third-largest platinum producer, Lonmin, on August 6. Xstrata bid GBP33.00 (US$64.50) per share, a premium... 2008-08-07

Russian oil firm LUKOIL has agreed to purchase Akpet, a Turkish fuel distributor, for a little over US$500mn. The deal is part of LUKOIL's strategy to raise its market share in Turkey... 2008-07-31

Israel's Hadera Paper has increased its stake in Carmel Container Systems to 89%. Hadera, which changed its name in early July from American Israeli Paper Mills, has agreed to pay... 2008-07-18