Mergers & Acquisitions
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Temasek takes 30% stake in Italian fashion brand Stone Island
Singapore’s sovereign wealth fund Temasek is set to acquire a 30 percent stake in Italian fashion retailer Stone Island, according to its parent firm Sportswear Company S.p.A. Financial terms of the transaction were not disclosed,…
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ANZ Bank nears deals to exit AmBank stake for US$900 million
ANZ has been looking to sell its 23.8 percent stake in Malaysian affiliate AmBank Holdings since early 2016.
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Thailand’s Omise to acquire e-money service provider Paysbuy
The payment technology service provider plans to enter Singapore, Indonesia, and Malaysia in the near future.
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Blibli acquires online travel agent Tiket.com to strengthen travel foothold
The acquisition of Tiket by Blibli will help the ecommerce site to strengthen its foothold into the travel industry.
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Singapore Press Holdings partners RecomN Technologies to launch service matching portal
SPH will take a one-third stake in the startup for S$980K (about US$708k)
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Flutter Asia buys Perfect Match Jakarta to become the top Indonesian dating platform
Flutter Asia is set to introduce new freemium features for its users in Indonesia
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Malaysian beauty e-commerce site Hermo to be acquired by istyle
Gobi Partners exit Malaysian beauty e-commerce site Hermo with 91 percent IRR.
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Temasek to take majority stake in Global Healthcare Exchange
The provider of the cloud-based supply chain management technology and services has been under the ownership of Thorma Bravo since 2014.
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MyEG in talks to acquire food review website Eat Drink KL
This talks of acquisition comes in the time when MyEG intends to diversify and increase its commercial business.
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GDP Ventures in talks to acquire Indonesian online travel agent Tiket.com
Venture capital firm GDP Ventures is currently in talks to acquire more than 50 percent of shares in Indonesian online travel agent Tiket.com. If successful, the investment into Tiket.com will be the second strategic investment…
