Chinese enterprises' overseas mergers decline in 2012: report-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • hydrogen stations
  • Market commentary
  • Copper
  • thép
  • Production data
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Morning comments
  • Mengtai Group
  • Lithium
  • Iron ore

Chinese enterprises' overseas mergers decline in 2012: report

Industry News 03:32:26PM Jan 30, 2013 Source:SMM

Updated: 2013-01-30 (Xinhua) BEIJING - Chinese enterprises on the mainland conducted 191 overseas mergers in 2012, compared with 206 in 2011, auditing firm Price Waterhouse Coopers said on Wednesday.

The firm said in a report on China's merger activity that despite declining mergers, transactions hit a record high of $65.2 billion in 2012, surging 54 percent from $42.4 billion in 2011.

The report attributed the merger decline to the slow recovery of western economies, an unstable situation in the eurozone and a slowdown in the Chinese economy.

However, the report predicted that overseas mergers conducted by enterprises on the Chinese mainland will see a strong rebound in 2013.
 

Price

more
#1 Lead
Oct.14
16850.0
0.0
(0.00%)
#1 Lead - Guangdong
Oct.14
16875.0
0.0
(0.00%)
#1 Lead - Henan
Oct.14
16825.0
0.0
(0.00%)
#1 Lead -Tianjin
Oct.14
16825.0
0.0
(0.00%)
#2 Lead
Oct.14
16575.0
0.0
(0.00%)

Chinese enterprises' overseas mergers decline in 2012: report

Industry News 03:32:26PM Jan 30, 2013 Source:SMM

Updated: 2013-01-30 (Xinhua) BEIJING - Chinese enterprises on the mainland conducted 191 overseas mergers in 2012, compared with 206 in 2011, auditing firm Price Waterhouse Coopers said on Wednesday.

The firm said in a report on China's merger activity that despite declining mergers, transactions hit a record high of $65.2 billion in 2012, surging 54 percent from $42.4 billion in 2011.

The report attributed the merger decline to the slow recovery of western economies, an unstable situation in the eurozone and a slowdown in the Chinese economy.

However, the report predicted that overseas mergers conducted by enterprises on the Chinese mainland will see a strong rebound in 2013.