Mon, 21 Nov 2011 09:14:48 GMT
Banks in South Africa look for infrastructure business
In South Africa investment banks are
competing for providing financing for port, road and energy power projects as
revenue from M&A declined sharply during last seven years. Firms in
South Africa report 235 takeovers worth $13.1 bn this year, the lowest number
of deals since 2004. To offset loss in M&A earnings, banks are trying to
gain access to investment opportunities worth $93bn in sub-Saharan Africa
infrastructure