H1 over­seas M&A ac­tiv­i­ties cool

China Daily (Hong Kong) - - BUSINESS -

Over­seas merg­ers and ac­qui­si­tion ac­tiv­i­ties lost steam in the first half of this year amid ris­ing global eco­nomic un­cer­tain­ties, a re­port showed on Thurs­day. Chi­nese firms spent about $22 bil­lion in out­bound M&A deals in the first six months, down by about 60 per­cent from the same pe­riod in 2017, ac­cord­ing to a re­port by global man­age­ment con­sul­tancy Bain & Com­pany. Bain at­trib­uted the drop to China’s cur­rency de­pre­ci­a­tion, fears of the ef­fects of the US-China trade dis­pute and tight­en­ing reg­u­la­tions. Chi­nese out­bound M&A rep­re­sented more than 40 per­cent of deals in the Asia-Pa­cific be­tween 2015-17, but saw shares drop

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