| M&A volume decreases in first 9 months |
| Last Updated(Beijing Time):2012-10-12 21:08 |
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China's M&A volume fell 4 percent to $133 billion in the first nine months of the year, and is down from a record figure set in the same period of last year, financial service provider Dealogic said on Friday.
With a record $119.5 billion, domestic M&A volume contributed the bulk of the country's M&A volume in the first nine months, up 22 percent year-on-year.
Oil & gas was the most targeted sector by Chinese acquirers with a volume of $26.2 billion via 26 deals. Activity in the sector was boosted by the $18.2 billion acquisition of Nexen by CNOOC, which was announced in July.
Global M&A volume reached $1.81 trillion in the first nine months, down 15 percent year-on-year. |
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