2 mega deals boost M&A transaction value
Print Edition
TWO bumper transactions boosted China’s merger and acquisition activity last month as deal value increased more than sixfold from a year earlier, according to an industry report.
China completed 141 M&A transactions in April, the Zero2IPO Research Center said in a report released yesterday.
The value of 130 deals that revealed their transaction figures totaled US$16 billion, a monthly increase of 72.7 percent. The total value represented a 534 percent surge from a year earlier, the report said.
“China’s M&A market remained sluggish last month with a decreasing number of deals. The surge in transaction value was boosted by two mega deals involving BOE Technology Group Co and PetroChina Co,” Shen Lingkun, analyst with Zero2IPO, said in the report.
BOE Technology, a Beijing-based provider of display technologies, products and solutions, raised 45.7 billion yuan (US$7.3 billion) through a private placement. PetroChina last month acquired a 40 percent stake in Canada’s Dover oil sands project for C$1.3 billion (US$1.2 billion) from its partner Athabasca Oil Corp.
The value of the two deals accounted for 54 percent of the total M&A transaction value last month, the report said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
