Asean M&A appetite stable despite uncertainty
Survey finds proportion of businesses with 12-month acquisition plans close to historical average for the region
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THE merger and acquisition (M&A) appetite in South-east Asia remains stable despite global uncertainty, according to the latest EY Global Capital Confidence Barometer released on Nov 12.
Some 41 per cent of respondents in South-east Asia had acquisition plans in the next 12 months - below the global average of 52 per cent but close to the 10-year historical average of 42 per cent for the region.
EY Asean transaction advisory services leader Vikram Chakravarty warned: "Perhaps SEA firms should take the current slowdown and trade tensions more seriously. The macroeconomic headwinds are real, and firms must seize this opportunity to restructure themselves to focus on the business and reduce costs while they still have strong balance sheets."
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