Asia-Pac execs expect more divestments over the year: EY

Singapore

ALMOST two-thirds of Asia-Pacific executives in a survey expect an increase in companies looking to sell strategic assets over the coming year, according to accounting firm EY.

"Reallocating capital from non-core to core business and core business adjacencies will be the name of the game in 2015," says EY global vice chair for transaction advisory services Pip McCrostie in a statement. "Mega trends such as sector convergence, technological change, cloud computing and digital are causing companies to continually assess their core businesses and value chains. The result may lead to an unprecedented level of portfolio turnover."