Singapore remains most active M&A bidder in Southeast Asia
In a report
released on January 15, Mergermarket, part of Financial Times Group,
added that Singapore companies’ bids last year represented a 74
percent increase from 2012's outbound acquisitions.
Mergermarket noted that four in five cross-border bids in 2013 were
contributed by Singaporean firms with Temasek Holdings and Government of
Singapore Investment Corporation (GIC) leading the march with 11
outbound deals totalling 3.1 billion USD and four deals worth 337
million USD, respectively.
According to
Mergermarket, Singapore-based corporations showed keen interest in the
American market, with outbound M&A deals trebling in size over the
year to 7.6 billion USD last year.
Japan
remained the largest investor in the region. Its corporations made 11.1
billion USD in bids, representing about 48 percent of total inbound
M&A value, and got involved in half of all 30 bids in industrials
and chemicals sectors in Southeast Asia in 2013.-VNA