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News - Detailed News Story

Fall in M&As, other deals in S'pore this year amid recession

24 Dec 2020 09:00

By Ovais Subhani,Senior Correspondent

Singapore saw fewer mergers and acquisitions (M&As) and other deals amid the coronavirus-induced recession this year, said a report yesterday.

A total of 640 transactions worth US$65.3 billion (S$87 billion) - including M&As, initial public offerings (IPOs), and private equity and venture capital deals - were recorded between December last year to last month, the latest Duff & Phelps Transaction Trail Report showed.

That compares with 809 transactions worth US$81.2 billion in the earlier 12-month period.

Meanwhile, Malaysia recorded a total of 295 transactions worth US$5.9 billion, while Indonesia saw 184 transactions amounting to US$13.5 billion.


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Source: Straits Times
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