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M&As see 22% quarterly drop
By Louise Ho |
April 9, 2012, Monday
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Online Edition
Online Edition
CHINA has completed 204 merger & acquisition transactions in the first quarter, down 22 percent from the fourth quarter in 2011, according to the latest figures by research institute Zero2IPO today.
Eighty percent, or 165 cases are domestic M&As at a total of US$4 billion; 28 cases are overseas acquisitions at US$11.6 billion, and 11 are foreign acquisitions at US$630 million.
Cross border and overseas M&As showed a strong growth in the first quarter with close to 80 percent growth, but foreign investment acquisitions in the first quarter had a drastic drop of 78 percent compared to the fourth quarter, said the report.
"As advanced economies have been slowing down growth since 2011, foreign companies lack of the ability to conduct M&As with Chinese companies," said the report. "At the same time some Chinese companies have become powerful and buy struggling foreign companies."
Most of the completed M&As are in the sectors of energy and mining, industrial raw materials and processing as well as construction and engineering.
"The Chinese economy has achieved stable growth, which encouraged the need of Chinese companies for overseas energy," said the report.
Eighty percent, or 165 cases are domestic M&As at a total of US$4 billion; 28 cases are overseas acquisitions at US$11.6 billion, and 11 are foreign acquisitions at US$630 million.
Cross border and overseas M&As showed a strong growth in the first quarter with close to 80 percent growth, but foreign investment acquisitions in the first quarter had a drastic drop of 78 percent compared to the fourth quarter, said the report.
"As advanced economies have been slowing down growth since 2011, foreign companies lack of the ability to conduct M&As with Chinese companies," said the report. "At the same time some Chinese companies have become powerful and buy struggling foreign companies."
Most of the completed M&As are in the sectors of energy and mining, industrial raw materials and processing as well as construction and engineering.
"The Chinese economy has achieved stable growth, which encouraged the need of Chinese companies for overseas energy," said the report.
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