Analyst: Global market for chemical M&A is poised for 2010 recovery

11/12/2009 | ICIS News (U.K.)

Mergers and acquisitions in the global chemical market are expected to pick up next year as economies stabilize and access to credit improves, said Peter Young, president of investment bank Young & Partners. During the first three quarters of 2009, the chemical sector concluded $22.7 billion of deals worth $25 million or more, compared with full-year 2008's total of $40 billion, but a positive indication is the increasing number of deals worth more than $25 million. "This is a small sign that market volume is improving," Young said.

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