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A NEW trend has emerged in the GCC indicating that large firms are divesting away from non-core business lines and the vast majority of the assets are being bought by Indian investors, around 70 per cent, according to DLA Piper, the global leader in M&A legal advice.
This is seen as a very positive move for regional businesses as it attracts investors at a time when other jurisdictions are competing for investor attention.
Over the last 18 months DLA Piper has seen a marked increase in the number of large family-owned firms who are looking to consolidate their business and ensure the focus is on the core elements.
Experts say this is a traditional step during times of recession and its continuation highlights the strategic approach businesses are taking towards growth.
