Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year.
Announced deals involving Asian companies came to $707.7 billion in January-June, up 75% from the same period a year earlier and not far off the record of $758.6 billion logged in the first half of 2018, Refinitiv data showed.
Southeast Asia deals jumped 83% to a record $124.8 billion driven by blockbuster transactions including ride-hailing giant Grab’s $40 billion merger with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp.
Read more/Source: Reuters
