Domestic consolidation to drive Asia M&A revival during COVID-19 fallout

Domestic consolidation will likely drive the recovery of dealmaking in the Asia-Pacific region, bankers said, after the novel coronavirus outbreak sent the value of mergers and acquisitions in the first half of 2020 to a seven-year low.

The total region-wide deals value fell 20% from the same period a year earlier to $381.2 billion, data from Refinitiv showed. Globally, dealmaking plunged 43.5% to $1.16 trillion.

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