Kuwait: Firms urged to merge |
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Kuwait - Kuwaiti firms should consider mergers across sectors to weather the global financial crisis, KUNA yesterday quoted the state's Central BankCentral Bank
governor as saying. Mergers are "an option whose necessity has risen as a result of the aftermath of the global financial crisis," Sheikh Salem Abdul-Aziz Al-Sabah told KUNA after a meeting of a task group to tackle the impact of the global crisis. He said firms should look seriously at opportunities to restructure themselves including mergers across sectors and borders. The task group urged the government and parliament to amend legislation and issue new laws to make mergers easier, Sheikh Salem added.
© Kuwait Times 2008
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