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Singapore Companies Are on a Global Acquisition Spree

Singapore Inc. is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad.

Companies in the city-state announced around $91 billion of overseas deals this year through September, more than double the $41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show. Temasek Holdings Pte and GIC Pte still loom large, but increasingly others are inking their biggest-ever transactions to put Singapore on the world stage.

Stretch Target

Singapore firms’ offshore acquisitions could reach a record in 2018

The flurry of activity shows a new determination by firms to adopt a more aggressive stance amid an escalating trade war between China — one of Singapore’s closest neighbors — and the U.S. An economy that’s forecast to expand next year at the slowest pace since 2016 is also putting pressure on companies to look further afield for growth.

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