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
AIA launches wealth centre targeting high-net-worth clients
Samba, Gazelle shoes help drive Adidas sales while North America lags
Bank of Japan upbeat on consumption, service price outlook
Brokers’ take: KGI initiates Winking Studios with ‘outperform’, S$0.34 target price
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too