China’s outbound M&A value hits record high: PwC

China Daily 22 May 2013
BEIJING – The total value of China’s outbound mergers and acquisitions in 2012 reached a record-high $65.2 billion, marking a five-fold increase from $10.3 billion in 2008, a PricewaterhouseCoopers (PwC) report said Wednesday.
Since 2009, China has been leading the trend among emerging markets in carrying out mergers and acquisitions in the markets of developed countries, accounting for nearly 70 percent of the total M&A transaction value among emerging markets, including Brazil and India, according to the report.
The M&A of China’s state-owned enterprises were mostly concentrated in the energy sector, while privately-owned enterprises in China invested $25.5 billion in outbound M&A in 2012 in the industrial technology and consumer goods sectors, seven times the investment seen in 2008, said the report.
Read more…