Pakistan's premier investment banking firm BMA Capital is the highest ranked Pakistani & South Asian investment bank, according to Bloomberg, Financial News Agency. Bloomberg has ranked BMA at the impressive No 2 spot after J.P. Morgan in global firms operating in South & Central Asia and No 13 across Asia on M&A league table, a BMA statement said here on Thursday.
No other Pakistani firm features in Bloomberg's list of top firms and this honour has been bestowed upon the BMA after the firm successfully advised Etisalat, the telecom giant of the Middle East on the privatisation of Pakistan Telecommunication Company Limited (PTCL).
Upon finalisation of the deal, PTCL will generate $2.598 billion for the Government of Pakistan, making it the largest privatisation in Pakistan's history.
It is also the largest Foreign Direct Investment (FDI) inflow ever in Pakistan and the largest telecom M&A deal in Asia since July 2003. BMA, which has managed several landmark transactions in Pakistan, now heads the league table for privatisation advisory, having advised on nearly 70 percent of all privatisation by value in the nation's history.-PR
Comments
Comments are closed.