Aditya Hadi (The Jakarta Post)
Mon, March 13, 2023
Investment banks are gearing up for increased merger and acquisition (M&A) activity in Indonesia this year after capital market volatility prompted a slowdown in 2022, with companies in the infrastructure, technology and healthcare sectors seen as prime targets.
According to Gioshia Ralie, senior Indonesia country officer at JP Morgan, M&A transactions will go along with the capital market, which is the combination of stocks, bonds, foreign currencies and other assets market.
“If the market is stable and less volatile, M&As could work. [On the other hand], if the capital market is not good, private deals might be more interesting,” Gioshia said at a media roundtable in Jakarta on March 1.
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