Mergers and acquisitions in Asia Pacific, excluding Japan, increased 78% last quarter, with emerging market acquisitions now one-third of total deal volume, reports India's Economic Times, citing Thomson Reuters.
The latest figure shows that businessmen across the region are gaining confidence in their financial capacity, with cross-border deals growing.
Quoting David Timblick, CEO of Lazard Asia, the Times says that over time there will be a steady increase in confidence of Asian players to go outside and do deals and not just in the West but emerging markets as well, such as Africa.
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