Singapore firms' overseas acquisitions dipped 1.4% to US$3.1b

It's the 3rd quarterly drop.

According to Thomson Reuters first quarter preliminary M&A data for Singapore, overseas acquisitions from Singapore companies remained flat as deal value reached US$3.1 billion to date, slightly lower by 1.4% from the first quarter period in 2012, and witnessing its third quarterly decline since 2Q 2012.

Majority of Singapore’s outbound acquisitions were in the Media & Entertainment sector with 7 deals worth US$1.5 billion, capturing 49.2% of the market share.

Here's more from Thomson Reuters:

Real Estate followed second with 25.1%. The Financials sector saw the most number of acquisitions with 10 deals worth US$205.5 million, or 6.6% of the market share.

In terms of value, United States captured a huge portion of Singapore’s outbound M&A activity with US$1.9 billion, or 60.4% of the market share.

However, China saw the most number of acquisitions from Singapore with 13 announced deals so far this year worth US$351.1 million, or 11.3% of the market share. 

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