Singapore reports largest drop in targeted M&A volume for Southeast Asia

Volume crashed 54% to $13.2b.

According to Dealogic, Asia Pacific (ex Japan) targeted M&A volume was $348.8bn in the first nine months of 2013, up 3% from $337.2bn in the comparable 2012 period. Activity dropped 9% year-on-year to 6,753 deals.

Singapore recorded the largest year-on-year drop in the SE Asia region, down 54% to $13.2bn in the first nine months of 2013 from $28.6bn in comparable 2012. Only one $1bn+ deal was announced in the first nine months of 2013 compared to three in the same period last year.

Meanwhile, China led the nationality ranking for the sixth consecutive first nine month period with $156.9bn. Volume was up 20% from $131.0bn year-on-year and marked the highest first nine months volume on record