HONG KONG—Australia is set for its best year ever in Mergers and Acquisitions (M&A) activity despite extended pandemic-induced lockdowns in its most populous states as cash-rich corporates and funds scoop up assets, with bankers seeing no sign of the momentum slowing.
Deals involving Australian companies totalled $329.2 billion in the first nine months of 2021, up nearly six times year-on-year and exceeding the same-period amount of the previous three years combined, Refinitiv data showed. The previous annual record was $139 billion in 2007.
