PETALING JAYA: The prospects for more merger and acquisition (M&A) deals in Malaysia are expected to persist going into 2024, despite the global economic headwinds, geopolitical conflicts and high interest-rate environment, say industry experts.
This year alone saw several healthy M&A transactions ranging from strategic collaborations to substantial acquisitions as many corporations actively seek to unlock further synergies, they added.
Prominent M&A deals throughout 2023 include the potential merger of two automotive giants following the proposal by Sime Darby Bhd
to acquire Permodalan Nasional Bhd’s (PNB) 61.2% stake in UMW Holdings Bhd for an estimated RM5.84bil.
Malaysia Building Society Bhd, meanwhile, has concluded the acquisition of the entire equity interest in Malaysian Industrial Development Finance Bhd from PNB for RM1.01bil.
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