Citigroup Says Middle East Deals Can Withstand Contained War
- Sentiment is more nervous due to many reasons, says Azevedo
- IPOs in the region have so far bucked increased volatility
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The rising conflict between Israel and Hamas will likely have a limited impact on deal activity in the Middle East if it doesn’t escalate into a wider war, according to Citigroup Inc.’s regional head of investment banking.
“So far, it’s a very muted impact,” Miguel Azevedo, the Wall Street firm’s chairman of emerging markets EMEA investment banking, said in an interview with Bloomberg Television on Friday. “If it stays contained we don’t really believe there will be much of an impact.”