Deals
DBS Vaults to Top of Southeast Asia M&A Adviser List
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DBS Group Holdings Ltd., Southeast Asia’s biggest bank, vaulted to the top among takeover advisers in the region for the first time in its history after winning more business from Temasek Holdings Pte, its main shareholder.
The bank climbed from No. 24 a year ago following work on $16.6 billion of deals in the first half, including the region’s largest acquisition, data compiled by Bloomberg show. DBS’s jump may lead to higher investment-banking income at the bank, which will probably report a 4 percent gain in second-quarter profit tomorrow. The shares rose to a more than six-year high.