SINGAPORE (June 24): The total value of merger and acquisition deals involving Singapore entities surged in the first half of this year, boosted by what is by far Singapore’s largest deal ever: the sale of Global Logistic Properties’ US logistics assets to Blackstone Group for US$18.7 billion ($25.4 billion). In total, some US$59.4 billion worth of M&A deals were transacted in the first half of this year alone. That is 64% more than the same period the year before, according to data from Refinitiv. However, investment bankers collected lower fees during the period. According to Refinitiv, total fees fell 16% y-o-y to US$366.3 million.

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