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Macquarie named 4 Singapore firms that are likely to buy assets from Europe bargain market
Check your bets of local companies taking advantage of Euro's darkest hour.
According to Macquarie Equity Research, in the wake of the Asian and other subsequent Emerging Markets crisis, local corporates undertook a flurry of divestments to adjust to a new economic reality. This, it said, represented an opportunity for well-capitalised western companies to acquire assets cheaply at the darkest hour in what turned out to be the world’s fastest-growing region in the subsequent decade.
Today, Macquarie said that the financial blood is visible in the streets of Europe. "As the prospect of a Greek exit overhangs the Union, increased pressure on asset-owners is likely going to lead to fire-sales as balance sheets need to adjust to a new economic reality. This could represent opportunities for Emerging Market buyers with deep
pockets and low cost of capital," it added.
In Singapore, among potential acquirers that Macquarie mentioned include the following:
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