Mega rival bids for F&N push Singapore M&A to its best-ever annual level of US$47.1b

Why are we not surprised?

According to Thomson Reuters, the value of announced M&A deals involving Singapore surged this year posting a record volume of US$79.4 billion, up 82.5% from 2011, driven by competing bids for Fraser & Neave which are currently still pending and will spill over in 2013.

Here's more from Thomson Reuters:

There have been a total of three announced deals exceeding $5 billion in value so far in 2012, compared to none in the previous year. These include the rival bids for Fraser & Neave from Overseas Union Enterprise Ltd-led group valued at US$12.5 billion and from TCC Assets (controlled by Thai billionaire Charoen Sirivadhanabhakdi) worth US$9.2 billion. So far, at least 16 transactions targeting Fraser & Neave and its subsidiaries were announced this year valued at US$36.2 billion, pushing target Singapore M&A to reach its best-ever annual level of US$47.1 billion.

Total cross-border activity reached US$46.7 billion to date, a 90.5% growth over last year’s volume, and the highest annual period since 2007 (US$59.3 billion). Inbound M&A increased three-fold to a record level of US$27.2 billion and captured 58.2% of Singapore’s cross-border activity, while outbound deals accounted for 41.8% (US$19.5 billion). Deal value for domestic M&A reached US$20.0 billion, up 131% compared to 2011.

Food & Beverage Sector Takes the Limelight
Bolstered by the announced mega rival bids for Fraser & Neave and the completed stake acquisition of Asia Pacific Breweries by Heineken, Consumer Staples M&A soared to US$37.8 billion, a twenty-fold increase compared to 2011. Food & Beverage sub-sector M&A accounted for 46.3% Singapore-involvement acquisitions this year.

Meanwhile, the Financials sector represented 13.9% of the market share with US$11.0 billion, a 133% growth from last year, driven by DBS Group’s announced acquisition of Indonesia’s Bank Danamon for US$7.3 billion.



More From Singapore Business Review

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.165+0.001+0.61%
    N21.SI
    0.158-0.004-2.47%
    40E.SI
    0.995-0.030-2.93%
    G13.SI
    0.375+0.010+2.74%
    5ME.SI
    0.194+0.010+5.43%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.38+0.09+33.33%
    BEH.SI
    0.16+0.02+14.29%
    40N.SI
    0.25+0.03+13.64%
    5UA.SI
    0.205+0.019+10.22%
    BHO.SI
    0.435+0.040+10.13%
    B58.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.265-0.095-26.39%
    BCD.SI
    0.17-0.05-24.44%
    42S.SI
    0.10-0.02-18.03%
    42U.SI
    0.10-0.02-16.67%
    UQ7.SI
    0.098-0.012-10.91%
    L02.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4230+0.0062+0.44%
    USDSGD=X
    1.5107-0.0131-0.86%
    EURSGD=X
    1.7911+0.0034+0.19%
    GBPSGD=X
    80.1520-0.037-0.05%
    SGDJPY=X
    5.4484-0.0244-0.45%
    SGDHKD=X
    3.1080-0.0211-0.67%
    SGDMYR=X
    9,341.2119-98.8281-1.05%
    SGDIDR=X
    4.8336-0.0191-0.39%
    SGDCNY=X
    1.0613+0.0008+0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.70-4.30-0.37%
    GCZ16.CMX
    17.01-0.19-1.12%
    SIZ16.CMX
    82.12-0.46-0.56%
    ^XAU
    2.62-0.02-0.70%
    HGZ16.CMX
    50.85+1.08+2.17%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.82+0.02
    ^FVX
    2.38+0.04
    ^TNX
    3.08+0.06
    ^TYX