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Geopolitical tensions, sustainability goals to continue to drive Asia-Pac M&A in 2023

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Yong Jun Yuan

Yong Jun Yuan

Published Fri, Dec 30, 2022 · 05:50 AM
    • The Indonesia Investment Authority is working with the Asian Development Bank to fund the shutting of a coal power plant 10 to 15 years before the end of its useful life.
    • The Indonesia Investment Authority is working with the Asian Development Bank to fund the shutting of a coal power plant 10 to 15 years before the end of its useful life. PHOTO: REUTERS

    THE pursuit of sustainability and diversification is driving corporate merger and acquisitions (M&A) in the Asia-Pacific region, said investment bankers. They expect this trend to continue in 2023, although the tough economic environment may hamper dealmaking.

    Regional M&A activity is already on the downtrend, after a record-breaking 2021. In the first nine months of 2022, Refinitiv data showed, the value of deals involving companies in Asia-Pacific excluding Japan declined 34 per cent to US$748.5 billion.

    The fall was at least partly due to differences in the expectations of buyers and sellers.

    M&AESGGeopolitics

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