M&A NEWSLETTER 18/01/2024
New Year Welcome 2024 highlights M&A trends
During 2023, M&A Vietnam carried out numerous activities, including the establishment of the Industrial Real Estate Group and then developing into the Industrial Real Estate Investment Promotion Centre (IPC M&A Vietnam) in August 2023 and piloting the operation model of the center in cities and provinces like IPC Haiphong, IPC Ninh Binh, and IPC Bac Ninh-Bac Giang.
M&A trend in 2024 would focus on logistics, especially the field of frozen food transportation and warehousing, and health and tech applications, specifically aimed at IT companies developing software for hospitals.
Banks hope for M&A revival despite the geopolitics
Frank Aquila, corporate lawyer at Sullivan & Cromwell, said conditions in 2024 were likely to be better after a year marked by two major armed conflicts, central bankers battling inflation with rapid interest rate rises, and uncertainty over whether the US would default on its debt.
With borrowing costs coming down, it will be easier for chief executives of publicly listed companies to justify the cost of deals to shareholders. Lower interest rates will also make it easier for private equity dealmakers to make the maths work on their leveraged buyouts. Global stocks have also been rallying in the latter part of the year as investors expect rates to come down. A buoyant equity market tends to go hand in hand with dealmaking, as potential buyers want to snap up assets before they become too expensive, and sellers want to capitalize on their ballooning valuations.
领英推荐
Singaporean, and Taiwanese investors aim to pour $20mn into 2 solar power projects in Vietnam
Two companies from Singapore and Taiwan are looking to invest in two solar energy ventures in the central province of Quang Tri.?Each company wants to invest VND122.5 billion ($5.05?million) in Gio Thanh Energy JSC, the investor in the Gio Thanh 1 Solar Power Plant, accounting for 35% of the charter capital. This would mean that foreign companies would account for 70% of Gio Thanh Energy's charter capital if the deal is approved.
ASKA Pharmaceutical raises ownership in Ha Tay Pharmaceutical to nearly 33%
On December 25, Hataphar announced that it had completed the sale of 8.4 million shares to?ASKA Pharmaceutical, thereby increasing its charter capital to VND877 billion ($37 million). With the offering price of VND21,500 (91 US cents) apiece, the transaction is estimated to be worth VND180.6 billion ($7.6 million).?Following the deal, ASKA Pharmaceutical increased its ownership of Hataphar from 24.9% (18.41 million shares) to 32.6% (25.8 million shares). The shares from the private placement will be restricted from transfer for three years.
World Bank Approves Project to Improve Living Environment for Over Half a Million People in Southern Viet Nam
With a total investment of $311 million, of which $231 million is financed by the World Bank, the project is designed to transform wastewater management in Thuan An, Di An, and Tan Uyen cities of Viet Nam’s Binh Duong southern province, covering an area of more than 33,000 hectares, with a total population of around 1.4 million.?