Goldman Sachs sees buyer interest in Australia as economy diversifies - BBG
Simon Rothery, Goldman Sachs’ CEO for Australia and New Zealand, noted via Bloomberg, Interest in the Australian market, particularly from the US and Canada, is rising given the level of transparency relative to other parts of Asia Pacific.
Australian companies announced $76.1 billion of cross-border mergers and acquisitions last year, with the largest proportion involving US buyers, according to the Bloomberg-compiled data.
Rothery noted, “Over the past five years, the Australian market has become less correlated to the commodities sector. The interest in Australia from North America -- and particularly Canada -- is strong.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
