| The Republic has recorded a 30 per cent jump in deals, which totalled US$55.4 billion (S$72.8 billion) this year, fuelled by a surge in mergers and acquisitions (M&A), with a strong deal pipeline expected next year. Singapore sovereign wealth fund GIC and investment giant Temasek Holdings contributed significantly to the M&A market performance, with both accounting for five of the top eight deals this year.
The biggest deal was led by a consortium of investors, including GIC acquiring United States-based IndCor Properties for US$8.1 billion, followed by Temasek buying a 25 per cent stake in AS Watsons Holdings for US$5.67 billion...............................................Full Article: Source
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