M&A ac­tiv­i­ties surge over­seas in 2014

China Daily (Canada) - - NEWSCAPSULE -

Chi­nese en­ter­prises com­pleted a record 176 merg­ers and ac­qui­si­tions (M&A) over­seas in the first nine months of 2014, up 31 per­cent year-on-year, ac­cord­ing to ac­count­ing firm PwC.

Pri­vate en­ter­prises com­pleted 120 M&A trans­ac­tions, more than dou­ble the num­ber by sta­te­owned en­ter­prises and mak­ing them the ma­jor force in the M&A mar­ket, ac­cord­ing to the re­port.

In the first three quarters of 2014, the to­tal value of over­seas M&A trans­ac­tions by Chi­nese en­ter­prises reached $40.8 bil­lion. There were 14 trans­ac­tions val­ued at more than $1 bil­lion each.

The to­tal out­bound value of M&A deals by pri­vate com­pa­nies was up more than 120 per­cent year-on-year, while the value of trans­ac­tions by state-owned en­ter­prises dropped for the first time, with a de­cline of 37 per­cent, it said.

REUTERS/JA­SON LEE

A model presents a cre­ation by Chi­nese de­signer Zhang Zhifeng in front of a draw­ing of the Yel­low Em­peror Xuan Yuan at China Fash­ion Week in Beijing on Oct 25.

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