Deals

Singapore Companies Are on a Global Acquisition Spree

Deals more than doubled through September to $91 billion
China a strong lure for firms seeking expansion, CMC says

Singapore firms announced overseas mergers and acquisitions totaling about $91 billion this year. Joyce Koh reports.(Source: Bloomberg)

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By Joyce Koh and Klaus Wille

October 3, 2018 at 5:00 PM EDT

Updated on

October 4, 2018 at 4:10 AM EDT

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Singapore Inc. is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad.

Companies in the city-state announced around $91 billion of overseas deals this year through September, more than double the $41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show. Temasek Holdings Pte and GIC Pte still loom large, but increasingly others are inking their biggest-ever transactions to put Singapore on the world stage.

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