Middle East acquisitions use cash, not loans

Middle East loan volumes this year will be heavily dependent on M&A activity, say loans bankers, warning that if borrowers continue to cancel deals or use cash to fund takeovers, the loan market will remain subdued.

  • 06 May 2011

Abu Dhabi investment fund Aabar is set to become a cornerstone investor in commodity trader Glencore’s initial public offering. Glencore announced that several key investors, including Aabar, would cover 31% of the sale.

It is unclear how Aabar will finance the stake in Glencore, but loans bankers are not ...

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1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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5 Barclays 17,494.57 59 6.04%