South-east Asia M&A deals set for first increase since 2013
Singapore
MERGER and acquisition (M&A) activity in South-east Asia is on track to post its first increase since 2013 as an uptick in intraregional deals offset a slowdown in transactions with out-of-region entities, according to data from Mergermarket.
The value of M&A deals that involved South-east Asian assets rose 49.8 per cent to US$44.5 billion in the first three quarters of 2016 compared to the same period a year earlier. The three-quarter total is already 93.3 per cent of the US$47.7 billion total for the whole of 2015. The last year in which deal value increased was 2013, when total value rose 6.2 per cent to US$73.9 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Far East Hospitality Trust Q1 net property income rises 6% to S$25.1 million
Boeing gets a welcome respite with US$10 billion bond offering
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival
Chevron CEO expects ExxonMobil arbitration resolved in coming months
Paramount replaces CEO with trio as it talks merger with Skydance
MicroStrategy posts loss on impairment charge, revenue declines