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China sees 61% jump in M&A deals in 1st half
By Lydia Chen |
July 7, 2011, Thursday
|
Online Edition
Online Edition
THE value and scale of mergers and acquisitions in China both hit record levels in the first six months on the back of a recovering world economy and China's strong growth, a leading investment research firm said today.
The number of M&A cases in China soared 61.2 percent from a year ago to 416, involving US$27.8 billion, a year-on-year increase of 91 percent, Zero2ipo Group said in the report.
Among the deals in the first half of this year, 389 were signed between Chinese firms, the highest number since 2008 and a 68.4 percent rise from a year ago, the Beijing-based firm said.
Domestic deals jumped 50.3 percent year on year, totaling US$10.23 billion in value. Most of the M&A deals were made between real estate companies, according to the report.
Chinese firms' ambition to expand overseas also boosted mergers and acquisitions in the first half of the year with 46 deals signed, up 31.4 percent from a year earlier, and totaling US$14.74 billion in value, up 106.8 percent.
But the rapid M&A growth did not change Chinese buyers' preference for energy and mining firms. Nine such deals were signed in the first six months, accounting for 53 percent of the gross value of all overseas deals, the report said.
Foreign investors buying into China also increased during the same period. They sealed 34 deals, a year-on-year increase of 36 percent, with a total value of US$172 million, hiking 369 percent from a year ago, the report added.
The number of M&A cases in China soared 61.2 percent from a year ago to 416, involving US$27.8 billion, a year-on-year increase of 91 percent, Zero2ipo Group said in the report.
Among the deals in the first half of this year, 389 were signed between Chinese firms, the highest number since 2008 and a 68.4 percent rise from a year ago, the Beijing-based firm said.
Domestic deals jumped 50.3 percent year on year, totaling US$10.23 billion in value. Most of the M&A deals were made between real estate companies, according to the report.
Chinese firms' ambition to expand overseas also boosted mergers and acquisitions in the first half of the year with 46 deals signed, up 31.4 percent from a year earlier, and totaling US$14.74 billion in value, up 106.8 percent.
But the rapid M&A growth did not change Chinese buyers' preference for energy and mining firms. Nine such deals were signed in the first six months, accounting for 53 percent of the gross value of all overseas deals, the report said.
Foreign investors buying into China also increased during the same period. They sealed 34 deals, a year-on-year increase of 36 percent, with a total value of US$172 million, hiking 369 percent from a year ago, the report added.
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