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Fewer, smaller M&A in Jan.-Nov.

English.news.cn   2013-12-08 13:53:53            

BEIJING, Dec. 8 (Xinhua) -- Mergers and acquisitions (M&A) in China were fewer and smaller from January to November, according to a report by Chinese consulting firm ChinaVenture on Sunday.

During the first 11 months, Chinese companies closed 1,731 M&A deals totaling 105 billion U.S. dollars, down 41.3 percent and 26.5 percent from the same period last year, said the research report.

The manufacturing sector saw the largest number of deals closed while the energy and mining sector ranked first in terms of the scale of financing, highlighted by a record 15.1 billion U.S. dollar deal between China National Offshore Oil Corp. and Nexen Inc. in Canada.

But data concerning new deals remained steady. From January to November, China announced 4,475 M&A deals, up 16 percent year on year, with the total deal size inching up 3.5 percent to a fraction under 300 billion U.S. dollars, it said.

Cross-border M&A deals added to 36.55 billion U.S. dollars, accounting for 34.8 percent of the total.

Related:

China's outbound M&A value hits record high: PwC

BEIJING, May 22 (Xinhua) -- The total value of China's outbound mergers and acquisitions in 2012 reached a record-high 65.2 billion U.S. dollars, marking a five-fold increase from 10.3 billion U.S. dollars in 2008, a PricewaterhouseCoopers (PwC) report said Wednesday.

Since 2009, China has been leading the trend among emerging markets in carrying out mergers and acquisitions in the markets of developed countries, accounting for nearly 70 percent of the total M&A transaction value among emerging markets, including Brazil and India, according to the report.  Full story

Editor: Hou Qiang
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