Keppel Infrastructure Trust is among bidders for Ixom, an Australian chemical firm owned by Blackstone Group LP that could fetch more than $1 billion, Bloomberg News reported in August.It’s not only the total value of deals that’s increasing. Singapore firms were involved in 468 transactions as buyer of foreign companies this year through September, an increase of 7.8 percent from the same period of 2017. “Being familiar with the region, Singapore companies are coming in and many do cut-price offers.”Firms from Singapore have been involved in 68 acquisitions of Chinese companies so far this year. The volume of transactions jumped from $3.8 billion the same period of 2017 to $19.5 billion, Bloomberg-compiled data show.By far the biggest investment in a Chinese company that involved a Singapore one was the $14 billion capital injection in Jack Ma’s Ant Financial. “The trend should continue as they become more experienced in competing for assets abroad.” -- Bloomberg

Source: thestar October 04, 2018 08:26 UTC