China firms' M&A deals hit record
By Feng Jianmin |
January 14, 2012, Saturday
|
Print Edition
Print Edition
A weak global economy hurt foreign companies' ability for acquiring Chinese firms while China's resilient economy drove merger and acquisition activities by domestic enterprises to a record last year, according to an industry report released yesterday.
The overall M&A activities on the Chinese mainland, Hong Kong and Macau, rose 5 percent from a year earlier to 5,364 deals in 2011, PricewaterhouseCoopers said in a report.
Records were set last year as China's outbound M&A deals jumped an annual 10 percent to 207 valued at a combined US$42.9 billion, up 12 percent, the report said.
But inbound M&A transactions fell an annual 11 percent to 482 as the sluggish global economy placed great pressure on the cash flow of foreign companies, according to the report.
Meanwhile, there was an 11 percent increase in China's domestic M&A deals to 3,262.
"The numbers suggested that the appetite for deals by Chinese investors is stronger than ever, despite the weak global macro-economic climate, while foreign M&A buyers were affected," said Roger Liu, PwC China transaction services partner.
The report said Chinese firms will target resources and energy assets overseas. It also expected more of them to bring foreign industrial and consumer brands to the country.
The overall M&A activities on the Chinese mainland, Hong Kong and Macau, rose 5 percent from a year earlier to 5,364 deals in 2011, PricewaterhouseCoopers said in a report.
Records were set last year as China's outbound M&A deals jumped an annual 10 percent to 207 valued at a combined US$42.9 billion, up 12 percent, the report said.
But inbound M&A transactions fell an annual 11 percent to 482 as the sluggish global economy placed great pressure on the cash flow of foreign companies, according to the report.
Meanwhile, there was an 11 percent increase in China's domestic M&A deals to 3,262.
"The numbers suggested that the appetite for deals by Chinese investors is stronger than ever, despite the weak global macro-economic climate, while foreign M&A buyers were affected," said Roger Liu, PwC China transaction services partner.
The report said Chinese firms will target resources and energy assets overseas. It also expected more of them to bring foreign industrial and consumer brands to the country.
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