Emerging markets volume reached $ 331.4 billion through 5,534 deals so far this year, up 9 per cent from $304.7 billion dollar via 4,377 deals last year, according to data compiled by a leading global financial information provider Dealogic. Emerging market merger and acquisition volume so far this year is the second highest year-to-date volume on record, despite a decline in global financial sponsor buyout volumes, it added.
China has been the most active nation in the emerging markets accounting for 19 per cent of the total merger and acquisition volume and stood at $ 64.2 billion through 1,371 deals this year, up 5 per cent from 2007 figures. While India is all set to make potentially the largest acquisition in the emerging markets this year.
"Preliminary discussions by Reliance Communications to acquire MTN group for $ 41 billion is potentially the largest acquisition in the emerging markets so far this year as well as the largest acquisition by an Indian company on record," Dealogic added.
On May 26, RCom announced entering into exclusive negotiations with MTN to discuss potential combination of their businesses.
RCom Chairman Anil Ambani had said talks were aimed at achieving "a partnership, which would provide investors, customers and the people of both companies a unique and global platform for exponential growth, creating substantial long-term shareholder value".
