APLA ´07: Middle East equity buyers on rise

20 November 2007 21:10  [Source: ICIS news]

BUENOS AIRES (ICIS news)--Middle Eastern companies will increasingly become buyers in global merger-and-acquisition (M&A) transactions in the future, managing director Alasdair Nisbet of the advisory bank Lazard said on Tuesday.

“I think we will see an increasing trend in emerging markets,” Nisbet said of the emerging presence of Middle Eastern producers in M&A, especially for secondary and tertiary chemical markets.

Speaking at the closing presentations of the Latin American Petrochemical Association (APLA) meeting in Buenos Aires, Nisbet referred to the acquisition of GE Plastics by Saudi Basic Industries Corporation (SABIC) as the start of this trend. GE Plastics is now known as SABIC Innovative Plastics.

“Latin America will benefit, along with Asia,” he said of increased M&A transactions in the future within the emerging markets.

The APLA event ran from Saturday through Tuesday.

By: John Waggoner
+1 713 525 2653

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