Chinese firms may lift overseas M&As
By Winny Wang |
August 16, 2011, Tuesday
|
Print Edition
Print Edition
CHINESE enterprises are set to boost their outbound investments by double digits in the second half of this year, which may make 2011 a record year for Chinese merger and acquisition activities abroad, according to an industry report yesterday.
There were a record 107 outbound M&As as of June this year, an increase of 14 percent from a year earlier, said PricewaterhouseCoopers in a report. The international auditing firm said this frenzy indicated that despite market volatility and an uncertain global economic outlook, China remains hungry for M&A deals abroad across a wide range of industries.
If this strong level of activity continues for the remainder of the year, 2011 will be a record year for Chinese M&A activities abroad, the report said.
"There may be further deals in resources and larger value deals in the second half of this year, and although a second global financial crisis could stall some deals in the pipeline it also offers buying opportunities for China," said Roger Liu, PwC Transaction Service Group Partner.
"Investment in know-how, technology and brands is growing in importance," Liu added yesterday.
M&As in the industrial and consumer sectors nearly doubled in the first half as output of Chinese goods moved up the value chain and the country aims to move to a consumer-led economy.
Europe lured more Chinese investors in the first half, with 30 deals done, up from 14 deals a year ago.
There were a record 107 outbound M&As as of June this year, an increase of 14 percent from a year earlier, said PricewaterhouseCoopers in a report. The international auditing firm said this frenzy indicated that despite market volatility and an uncertain global economic outlook, China remains hungry for M&A deals abroad across a wide range of industries.
If this strong level of activity continues for the remainder of the year, 2011 will be a record year for Chinese M&A activities abroad, the report said.
"There may be further deals in resources and larger value deals in the second half of this year, and although a second global financial crisis could stall some deals in the pipeline it also offers buying opportunities for China," said Roger Liu, PwC Transaction Service Group Partner.
"Investment in know-how, technology and brands is growing in importance," Liu added yesterday.
M&As in the industrial and consumer sectors nearly doubled in the first half as output of Chinese goods moved up the value chain and the country aims to move to a consumer-led economy.
Europe lured more Chinese investors in the first half, with 30 deals done, up from 14 deals a year ago.
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