Saturday, 31 Dec 2011
It is reported that though the UK, the US and Canada are home to companies that engaged in 60% of Australian M&A in 2011, Chinese corporates announced deals worth USD 9.9 billion almost three times the USD 3.7 billion notched in 2010 according to Dealogic.
At 15.1%, China market share of inbound M&A volume has been helped by two deals which are yet to close the USD 2.1bn merger between Yanzhou Coal Mining and Gloucester Coal and Hanlong Mining USD 1.65 billion takeover of Sundance Resources.
Both are the largest Chinese Australian tie-ups on record behind Yanzhou USD 3.5 billion acquisition of Felix Resources in 2009 making Australia the most targeted nation by China in 2011 followed by France, Hong Kong, Canada and Brazil.
(Sourced from www.theaustralian.com.au)
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