Southeast Asian companies warming up to divestments: EY survey

SINGAPORE (April 10): Southeast Asian corporates are warming up to divestments as close to a quarter (24%) of those surveyed plan to divest within the next two years, up from 15% in 2014, says the EY Global Corporate Divestment Study 2017.

More than half (56%) of the Southeast Asian businesses surveyed have divested due to risks or opportunities related to technological change.

Other external factors that are key in driving divestments include macroeconomic volatility (48%), shareholder activism (19%) and geopolitical uncertainty (18%).

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