July 11 - The Hindu - India has been ranked second in the global M&A deals this year so far in the Asia-Pacific region, with a total outbound deal value of $ 13.5 billion, a latest report says.
According to data complied by global consultancy firm 'Dealogic', Australia tops the Asia-Pacific cross-border outflow with over 125 deals worth $ 30 billion, followed by India with a total of 74 foreign acquisitions in the current year so far.
Some of the significant outbound cross-border deals include Suzlon Energy's acquisition of REpower for $ 1.7 billion, Vijay Mallya-led United Spirits buying out Whyte & Mackay for $ 1.11 billion, Tata Power picking up stake in two Indonesian firms and Essar Group's purchase of Canadian Algoma Steel for about $ 1.55 billion. Read More.
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