Property deals anchor buy-out activity
Over a quarter of the US$4 billion in Asia (ex-Japan) M&A last week centred on property deals, primarily from Australia and China. Financial institutions drove debt issuance, while equity limped along. Asiamoney.com rounds up last week’s regional capital market activity.
Regional targeted M&A activity centered around property in the first week of September, with 15 deals worth US$1.2 billion.
This is more than a quarter of the US$4 billion transacted in Asia ex-Japan last week from August 31 to September 4, according to data provider Dealogic.The property ...