Singapore becomes hot spot for M&A bankers hunting Asia deals

The city-state's strong corporate governance and predictable political environment help it to retain a competitive edge, a lawyer says. (Image: Lauryn Ishak/Bloomberg)

Bloomberg

Fri, 28 Jun 2024

By Elffie Chew, with assistance from Manuel BaigorriSingapore has turned into a hive of activity for mergers and acquisitions this quarter as investor confidence returns, helped by relative economic and political stability.The flurry of action in just the past few days includes a KKR-Singapore Telecommunications consortium agreeing to invest S$1.75 billion (NZ$2.11b) in ST Telemedia Global Data Centres, beating other global investors. More are likely coming, including Europe’s biggest insurer, Allianz, discussing a possible tie-up wi...

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