Bullish markets poised for rising merger and acquisition activities

Bullish markets poised for rising merger and acquisition activities, illustration photo JFE Engineering Corporation from Japan has signed a business alliance with Binh Duong Water Environment JSC (BIWASE) and acquired 3.87 per cent of its shares at an auction held by the Ho Chi Minh City Stock Exchange. JFE Engineering will cooperate with BIWASE on improving capacity of facilities in the water supply sector and the development of wastewater treatment and solid waste recycling/treatment business, to respond to continued demand caused by strong economic growth in Vietnam. Arnaud Ginolin, director of consultancy Boston Consulting Group, said that dealmaking activity such as this is expected to rapidly increase in Vietnam, especially in the most bullish markets such as healthcare, banking, and education, and to some extent areas offering restructuring opportunities. Ginolin added that deals with large Vietnamese conglomerates willing to open their capital will continue, which will enable them to pursue their expansion and capture opportunities. It might also help them tackle cash issues as many diversified groups are exposed to the pandemic. In another recent deal, Vietnam’s Masan High-Tech Materials Corporation (MHC) will establish a strategic alliance in the tungsten industry with Japan’s Mitsubishi Materials Corporation (MMC) with the objective… Read full this story

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