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Sabic Team Scouring World For M&a Deals

by rigzone.com posted 1month ago 43 views
Sabic is targeting acquisitions and partnerships with oil majors as the petrochemicals giant seeks to expand in faster-growing markets. : (Bloomberg) -- Saudi Basic Industries Corp. is targeting acquisitions and partnerships with oil majors as the petrochemicals giant seeks to expand in faster-growing markets such as China and India, according to Chief Executive Officer Yousef Abdullah Al Benyan. The CEO has a team scouting for potential M&A targets and Sabic is regularly in talks with companies such as Royal Dutch Shell Plc about investing in joint ventures, he said in an interview in Dubai on Monday.