Merrill bullish on M&A

Kalpana Desai, Asian M&A head at Merrill Lynch, talks about AsiaÆs M&A prospects.

Are you less active now than you were this time last year

Not in terms of volume. Last year was perhaps a bit of an anomaly with deals like PCCW HKT, which skewed the total deal size. The value of deals this year is clearly a lot lower on an aggregate basis. But in terms of numbers of deals, we are probably up on last year.

We are continuing to see a trend of an increasing number of...

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