GLP & Grab among highest contributors to Southeast Asia M&A deals in 3Q

SINGAPORE (Oct 24): Q3 was a quarter of top deals for Southeast Asia, spiking 81.8% on-year to US$26.7 billion ($36.3 billion) across 97 deals, according to Mergermarket’s latest Southeast Asia M&A trend report Q1-Q3 2017.

The study also reveals that three of the region’s top five deals in the year to date (YTD) were logged in the third quarter, namely Global Logistic Properties’ (GLP) US$15.9 billion takeover and Grab’s US$2 billion acquisition – both of which are headquartered in Singapore – as well as a consortium’s August acquisition of a 47.5% stake in Energy Development Corporation for US$1.3 billion.

These latest figures bring the value of mergers and acquisitions (M&A) in Southeast Asia from Q1-Q3 to US$53.5 billion, 23.1% above the value recorded over the same period a year ago.

---

Related Stories

• Can SGX afford to wait up to a year for reforms?
• Alibaba anoints new chief in revamp of stalling commerce arm
• Institutions to edge further into digital finance, focus on risk mitigation: Moody’s Ratings

---