Southeast Asia bank acquisitions are set for a record year of volumes with more than $20 billion worth of deals in the pipeline and buyers from Qatar to Japan expected to be interested in a piece of the region's financial houses. Among the factors fuelling the activity are U.S. and European shareholders cashing out of high-value stakes, Asian buyers seeking to expand beyond their home market and a regional banking market that, despite rapid economic growth, remains underdeveloped.Those factors, building over the last few years, have set the table for a potentially active year for deal junkies from Singapore to Kuala Lumpur, to Jakarta and Bangkok.The amount of active and expected bank M&A deals in Southeast Asia in 2013 could be worth more than $21 billion, overtaking the record of $16.9 billion set in 2001, according to Thomson Reuters data."In the ASEAN banking sector, there is a willingness on the seller's part to realise value, and the buyers can justify the price more easily because of the fundamentals involved," said a Singapore-based M&A banker, who declined to be identified because he was not authorised to speak publicly on the matter.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.0% or $0.3/share to $30.16. In the past year, the shares have traded as low as $26.20 and as high as $30.66. On average, 734318 shares of TRI exchange hands on a given day and today's volume is recorded at 1112992.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.02% or $0.3/share to $29.75. In the past year, the shares have traded as low as $26.47 and as high as $30.25. On average, 858235 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 646327.
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