Australia-based miner BHP Group walked away from its US$49 billion plan to take over rival Anglo American last month after a six-week pursuit, killing for now what could be one of bankers' biggest paydays globally this year.
HONG KONG: Financial advisory fees from mergers and acquisitions in Asia dropped to the lowest levels in 11 years in the first half of 2024, with little signs of a quick rebound amid declines in both announced and completed deals.
M&A fees in Asia totalled $1.5 billion in the first six months, the lowest since 2013, LSEG data showed. Japan alone accounted for 40% of that.
