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Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD

Germany emerged as the most targeted nation for overseas deals.

Overseas deals by Singapore-based companies rose to four year high after growing 24.5% in value to US$12.4b so far this year, according to Thomson Reuters. 

Also read: Singapore M&A activity hit 4-year high at US$33.8b

The materials industry is the most targeted sector thus far, capturing over a third (36.9%) of the city state's outbound activity, with US$4.6b worth of deals. This was driven by this year’s biggest Singaporean M&A deal – Temasek’s pending agreement to raise its stake to 4%, in Bayer AG for a total of US$3.7b, in a privately negotiated transaction.

Germany emerged the most targeted nation for Singaporean overseas deals so far this year in terms of value, accounting for 29.8% market share. Overseas acquisitions in India hit US$1.9b so far this year, up 107.0% YoY.

The United States, China and Vietnam accounted for 13.1%, 12.1% and 10.6% market share, respectively. 

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