M&A

The deal would have allowed Rio to roughly double its existing copper output, potentially establishing it as the world’s top producer as prices trade near record highs.

Rio walks away from Glencore mega merger on price impasse

The idea of a combination of the two companies has been discussed several times over more than a decade

STT GDC has more than 100 data centres in over 20 markets worldwide – including Singapore, Germany and Malaysia – with a total IT load of 2.3 GW.

Analysts see KKR-led STT GDC deal accelerating Singtel’s push to digital infrastructure

The deal positions the telco as one of Asia-Pacific’s largest data centre players

Investors in xAI will receive 0.1433 shares of SpaceX for every share of xAI as part of the acquisition.

SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

The transaction values SpaceX at US$1 trillion, and xAI at US$250 billion

Sembcorp will miss its 2028 emissions intensity targets if it acquires Alinta.
ESG INSIGHTS

Issue 180: Sembcorp shareholders vote on Alinta deal; new directorship institute launches

This week in ESG: Sembcorp acquisition’s coal exposure raises questions; GDInstitute offers alternative to Singapore Institute of Directors

 The total value of M&A transactions in Japan shot up 89% to a record 59.5 trillion yen.

Nomura beats Goldman to top spot in a record year for Japan M&A

Foreign securities firms have secured numerous deals involving investments in the US, fuelled by the AI and semiconductor boom

In October, Chandra Asri agreed to buy ExxonMobil’s Esso-branded service station in Singapore for an undisclosed sum.

Chandra Asri gets US$250 million loan to fund equity in Esso deal

The financing underscores how private credit funds and traditional lenders increasingly operate side-by-side in mergers and acquisitions in Asia-Pacific

Puma has been under pressure as demand has weakened, and recent footwear launches, including the Speedcat, failed to generate the momentum executives had hoped for.

China’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover

The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market

Construction and property developer Low Keng Huat now has less than 10% of its issued share capital in public hands – the minimum required to maintain a listing.

Low Keng Huat privatisation imminent as offeror secures over 90% of shares

Consistent Record’s final offer of S$0.78 a share is 8.3% or S$0.06 higher than its initial price