M&A activity reaches record value in 2013
The value of mergers and acquisitions in the Chinese market reached a record high in 2013.
Deals totaled $261.9 billion, with energy and power being the most popular sectors, according to a report by Thomson Reuters said. By value, the sectors comprised 17.8 percent of all deals.
The investment amount of cross-border M&As was $96.4 billion, the highest total in the past five years, according to the report.
Outbound M&A deals came to $61.9 billion, increasing 8.8 percent year-on-year, which also was the highest total since 2009.
The United States was the preferred destination for Chinese outbound M&A deals, totaling $12.2 billion in 2013, an increase of 96.6 percent year-on-year.