M&A banking fees in Asia-Pacific fall to 8-year low in Q1: Refinitiv

Singapore

BANKING fees from mergers and acquisitions (M&A) transactions in the Asia-Pacific ex-Japan (APxJ) region fell to an eight-year low of US$473.1 million in the first quarter of 2020. This represented a 39.2 per cent decline from a year ago, according to Refinitiv data as at April 2.

The value of announced M&A deals involving APxJ companies had also "started slow", falling 2.5 per cent in Q1 to US$189.6 billion. This was the lowest first-quarter period since 2014.