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Forced financial sales underpin M&A deal flow

October 19, 2009  

From Pamela Tang

A spate of M&A acquisitions supported last week’s capital markets volumes, with the two largest deals resulting from troubled financial sales, while Australian borrowers conducted sizeable bond issues. Asiamoney.com rounds up the key Asia-Pacific ex-Japan capital market activity.

Asia’s M&A market enjoyed buoyant activity last week, anchored by two troubled financial institutions offloading Asian assets.

American International Group (AIG) offered the largest transaction with its sale a 97.57% stake in Nan Shan Life Insurance to a...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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