| Global economic woes hit M&A deals |
| Last Updated(Beijing Time):2012-08-15 00:00 |
|
|
Merger and acquisition deals between foreign and Chinese companies fell in the first half to a three-year low due to the global economic challenges.
Chinese firms' outbound M&A activities dipped but their value more than tripled, PricewaterhouseCoopers said in a report yesterday.
The number of inbound deals to China, including Hong Kong, Macau and Taiwan, plunged 42 percent to 156, while the outbound deals from the Chinese mainland shed 6 percent to 94.
The value of inbound M&A deals halved to US$4.1 billion in the first half while the outbound value more than tripled to US$23.9 billion.
"Foreign companies' appetite for M&A ebbed as the weak economy, especially in Europe, has weighed on their performances and put pressure on their liquidity," said Roger Liu, PwC's partner of transaction services. |
|
|
|
|
