State-linked companies to drive South-East Asia M&As this year


  • Business
  • Wednesday, 19 Jan 2005

SINGAPORE: Banking, telecommunications and the energy sectors look set to lead South-East Asian mergers and acquisitions (M&As) this year as state-linked companies here and Malaysia look offshore for growth. 

And Indonesian banks are expected to stay in the limelight but with the focus shifting to second-tier lenders such as Bank Mega after Jakarta finished selling nearly all the banks it had taken over following Asia’s 1997/98 financial crisis. 

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