Metals News
Chinese enterprises' overseas mergers decline in 2012: report
industry news
03:32PM
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.
 

overseas mergers
Chinese enterprises
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