Tuesday, Sep 10, 2013
1050 GMT [Zawya Dow Jones]--Mergers and acquisitions targeting Middle Eastern companies hit a 12-month low in August, according to a new report from deals database Zephyr. A total of 21 deals together worth $170 million were done during the month, the report says, compared to $6.58 billion of deals in the same month last year. The biggest deal of the month was Aseer Trading, Tourism and Manufacturing's acquisition of a stake in Saudi air conditioning and freezer manufacturer Al Essa Industries, the report says. That deal was worth $151 million, accounting for 89% of the month's total merger and acquisition values. Jordan was the most frequently targeted country for investment in August, with 10 deals, the report says.(asa.fitch@wsj.com; Twitter: @ZDJnews)
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(END) Dow Jones Newswires
10-09-13 1051GMT
