Southeast Asia companies have been flexing their muscle, making offshore acquisitions as they seek to diversify their presence outside the region, helped by supportive lending conditions.
“We are seeing more Southeast Asian companies having greater global ambitions outside of the region, Eugene Gong, head of MA for Southeast Asia at Deutsche Bank, told FinanceAsia in a phone interview. We have seen more companies look at acquisition opportunities in Europe, the US and Australia.
According to data provider Dealogic, outbound acquisitions by Southeast Asia companies touched $30.9 billion so far this year, the highest year-to-date tally on record.
Reflecting this...
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