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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Equate Petrochemical Seeks Acquisitions

4:11 PM MST | December 19, 2011 | —lyn tattum in dubai

Equate Petrochemical (Safat, Kuwait) is seeking acquisitions outside the Mideast and may be close to concluding a deal before the end of this year, company officials say. “Our strategy is to look for merger and acquisition opportunities in the line of our existing products,” says CEO Hamad Al Terkait, speaking to CW at the GPCA Annual Forum, held recently in Dubai. Equate is a joint venture among Petrochemical Industries Co. of Kuwait (PIC), a wholly owned subsidiary of Kuwait Petroleum Corp.; Dow Chemical; and local shareholders in Kuwait. PIC and Dow each...

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