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  1. Deals Analysis
November 25, 2022

Construction & Real Estate industry M&A deals total $2.7bn in Asia-Pacific in October 2022

By Carmen

Total construction & real estate industry M&A deals worth $2.7bn were announced in Asia-Pacific in October 2022, led by San Miguel’s $1.65bn acquisition of 88.5% stake in Eagle Cement, according to GlobalData’s deals database.

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The value marked an increase of 112.6% over the previous month of $1.27bn and a drop of 34% when compared with the last 12-month average of $4.09bn.

Asia-Pacific held a 70.13% share of the global construction & real estate industry M&A deal value that totalled $3.85bn in October 2022. With a 42.86% share and deals worth $1.65bn, the Philippines was the top country in Asia-Pacific’s M&A deal value across construction & real estate industry.

In terms of M&A deal activity, Asia-Pacific recorded 27 deals during October 2022, marking a decrease of 43.75% over the previous month and a drop of 51.79% over the 12-month average. Japan recorded 11 deals during the month.

Asia-Pacific construction & real estate industry M&A deals in October 2022: Top deals

The top five construction & real estate industry M&A deals accounted for 96.2% of the overall value during October 2022.

The combined value of the top five construction & real estate deals stood at $2.6bn, against the overall value of $2.7bn recorded for the month.

The top five construction & real estate industry M&A deals of October 2022 tracked by GlobalData were:

1) San Miguel’s $1.65bn acquisition deal for 88.5% stake in Eagle Cement

2) The $323.64m acquisition of Shantou Taisheng Technology by Shenzhen Baokai Investment Holdings

3) Cinda Capital Management and Minmetals CapitalLtd’s $243.95m asset transaction deal for 45% stake in Shimao Group Holdings

4) The $243.95m acquisition of 45% stake in Nanjing Wanzhiyuan Real Estate by Wuhu Xinsida Investment Partnership Enterprise

5) Shanghai Dongyuan Real Estate Development (Group)’s $132.37m acquisition deal with Shanghai Jinju Real Estate Development

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Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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