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2019 M&As may still top 2018's, with property dominating deals

Lawyers cite slowing China growth, Beijing clampdown for softer market, although outbound M&A from Singapore expected to be active

Published Thu, Feb 21, 2019 · 09:50 PM
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Singapore

CAPITALAND'S acquisition of Ascendas-Singbridge for S$11 billion may have opened the year with much optimism for billion dollar tie-ups, but the truth of it is that deals of this size are likely to be few and far between.

That said, real estate will remain an active area for merger and acquisition (M&A) activity this year.

PwC's South-east Asia corporate finance partner Girish Sahajwalla said the CapitaLand/Ascendas-Singbridge deal could push the total deal value past last year's figure, with the real-estate sector accounting for most of the pie.

He added, however, that most M&A deals involving Singapore-listed companies are most likely to be mid-sized ones…

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