Close  

ING reports good year for deal-making

/ 05:22 AM December 13, 2018

Despite the economic challenges seen by the Philippines earlier in the year, this 2018 has been a good year for deal-making in the Philippines, Dutch financial giant ING said.

This year, ING advised on $9.2 billion worth of deals in the country, placing its total merger and acquisition transactions handled to more than $26 billion since it started operating as a Manila Branch in 1990.

ADVERTISEMENT

“We continue to strongly demonstrate to our clients, particularly local conglomerates that need to grow bigger through mergers and acquisitions, that ING not only has the depth of sector experience and strong relationships with major local players, but also significant on-the-ground presence,” ING country manager Hans Sicat said.

From October 2017 to September 2018, ING acted as the financial adviser for six major deals in the country. Among these were the $6.5-billion restructuring of San Miguel Corp.’s food and beverage business and the $1.9-billion divestment of AES and Egco’s combined 100-percent stake in Masinloc to SMC Global Power. —DORIS DUMLAO-ABADILLA

FEATURED STORIES

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: deal-making, ING
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.