Monday, July 02, 2007

Asia M&A activity soars 50 pct in record first half

June 29 - Reuters - Asia Pacific mergers and acquisitions excluding Japan surged 50 percent in the first half to a record $253 billion, with Australian buyout deals and an overseas push by Indian firms expected to keep activity at high levels.

Australia accounted for $76 billion worth of deals in the half, followed by China ($55 billion) and India ($39 billion), according to preliminary data from Dealogic.

"This year has been characterised by a good spread of volumes. India's been very strong and success has begotten success," said Matthew Hanning, head of Asia Pacific M&A at UBS Investment Bank. Read More.

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