The biggest announced deal was Temasek Holdings’ agreement to purchase a 24.95 per cent stake in Hong Kong’s AS Watsons for US$5.7 billion.
- PHOTOS
SINGAPORE: Mergers and acquisitions (MA) involving Singapore firms nearly tripled to US$54.4 billion (S$68 billion) during the first half of 2014, the highest level since records began in 1983, Thomson Reuters said on Wednesday (June 25).
The biggest announced deal was Temasek Holdings’ agreement to purchase a 24.95 per cent stake in Hong Kong’s AS Watsons for US$5.7 billion.
Other large MA transactions include the US$4 billion pending acquisition of Noble Agri by an investor group comprising China’s COFCO Corp and Hopu Investment Management, and Oversea-Chinese Banking Corp’s (OCBC) planned takeover of Hong Kong’s Wing Hang Bank for an estimated value of US$4.95 billion.
DBS Group was the top investment bank during the first half of 2014, accounting for 10 MA deals valued at US$14.5 billion.
- CNA/cy
Singapore M&A deals nearly triple to S$68b in 1H
I think it is very great sum. I suppose ti reduce the cost of deal they might use Ideals virtual data room or something another virtual service.
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