Busy M&As seen as SOEs restructure
Print Edition
THE vibrant merger and acquisition activities in China last year are set to continue in 2015 as several state-owned enterprises are likely to restructure, an industry report said.
China saw 1,536 M&A deals worth US$339.7 billion, a surge of 73.9 percent from a year earlier, in 2014, financial data provider Mergermarket said in a report yesterday.
Large-scale deals of over US$2 billion involving SOEs amounted to US$102 billion in 2014, taking up 30 percent of the total deal value.
The top-three deals last year involved CITIC Group, Sinopec Marketing Co, and CSR as well as China CNR.
“The restructuring of SOEs has spurred M&A activities in the Chinese mainland and Hong Kong last year,” said the report.
“With the continued restructuring of SOEs, the M&A market is expected to retain its vibrancy in 2015.”
Chinese companies were again the main driver of the Asian M&A market, excluding Japan, last year as they contributed to 80.7 percent of the growth in deal value.
Foreign investors’ M&As hit a record high last year with inbound value surging 79.9 percent year on year to US$38.2 billion. By value, the industrial and chemicals sector topped with US$54.7 billion yuan last year, the report said.
Outbound M&A deals by Chinese companies dropped 14.6 percent to US$59.1 billion after reaching a high of US$69.1 billion in 2013.
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