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Abu Dhabi Conglomerate IHC Seeks Takeovers in 'Buyers' Market'

Rabu, 10 Agustus 2022 | 19:51 WIB
Abu Dhabi Conglomerate IHC Seeks Takeovers in 'Buyers' Market'

ILUSTRASI. Abu Dhabi conglomerate International Holding Co (IHC) expects to increase its takeover activity, including in India and Turkey. REUTERS/Ahmed Jadallah/File Photo

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - DUBAI. Abu Dhabi conglomerate International Holding Co (IHC) expects to increase its takeover activity, including in India and Turkey, as global market turbulence has created "a buyers' market". Its chief executive told Reuters on Wednesday.

IHC, the most valuable company on the Abu Dhabi bourse with a market capitalisation of around US$ 167 billion, is aiming for publicly-listed companies in growth markets, Syed Basar Shueb said, adding that it was also looking in South America and Indonesia.


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