The economic uncertainty dogging the Asia Pacific region excluding Japan (AXJ) has not stopped corporations from making several high-profile merger and acquisition (M&A) deals in the past nine months, new figures show.
Asia Pacific saw M&A deals worth $770.9 billion announced between January and September, overtaking Europe to become the second most active region after the U.S., according to a report by Dealogic.
China, despite reports of an economic slowdown, contributed to nearly 50 percent ($384.3 billion) of M&A volume in the region, followed by Hong Kong ($125 billion) and Australia ($86.1 billion). Japan’s targeted M&A volume was $59.2 billion, a slight year-on-year decrease.
The deal value in China between January and September was nearly 50 percent higher from the same period last year.
Dealogic tracks M&A deals at the time they are announced; if deals fall through, they are omitted in the next counting cycle.