In the Singaporean financial services industry, there were 12 M&A deals announced in Q2 2023, worth a total value of $42.8m, according to GlobalData’s Deals Database. The $29.8m minority acquisition of great eastern by oversea-chinese banking was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Singapore decreased by 87% in Q2 2023 compared with the previous quarter’s total of $325.1m and fell by 54% as compared to Q2 2022. Related deal volume increased by 100% in Q2 2023 versus the previous quarter and was 9% higher than in Q2 2022.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.