Look Back 2019: Major mergers and acquisitions

Here's a round-up of Singapore's biggest or most intriguing corporate deals, rescues, scandals, closures and expansions this year

In June, property giant CapitaLand, which has 19 shopping malls in its Singapore portfolio including Bugis+, completed its $11 billion acquisition of Ascendas-Singbridge, which was previously owned by Temasek. The group then became one of Asia's largest d
In June, property giant CapitaLand, which has 19 shopping malls in its Singapore portfolio including Bugis+, completed its $11 billion acquisition of Ascendas-Singbridge, which was previously owned by Temasek. The group then became one of Asia's largest diversified real estate players.PHOTO: CAPITALAND

Several high-profile mergers and acquisitions were completed this year, headlined by a bumper 12 months in deal-making among Singapore real estate investment trusts (Reits).

Singapore-listed Reits paid around US$16.9 billion (S$22.9 billion) to buy assets this year, triple the previous peak in 2014. These deals, including the merger of OUE Commercial Reit and OUE Hospitality Trust, have created some of the largest Reits in the region.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on December 30, 2019, with the headline 'Major mergers and acquisitions'. Subscribe