News Column

China Overseas M&A to New High

September 3, 2014

BEIJING, September 3, SinoCast -- COFCO invested USD 2.8 billion acquiring a 51% stake in Noble Agri and Holland agricultural products and bulk commodities trader Nidera, the largest overseas merger and acquisition (M&A) in the Chinese oil and grain sector.

Dongfeng Motor spent EUR 800 million buying a 14% stake in PSA Peugeot Citroen, competing a beautiful turn from "introducing into" to "going international".

In 2013, the number of cross-border M&As above USD 1 billion sponsored by China's enterprises reached nine. China Naitonal Offshore Oil Corporation spent USD 19.12 billion acquiring Canada Nexen, the largest overseas M&A by a Chinese company. Shuanghui spent USD 4.75 billion buying into Smithfield Foods from the US, the largest overseas M&A in the non-energy field.

In 2014, 272 of China's top 500 companies recorded overseas operating income of CNY 6.16 trillion, growing 12.45% over a year earlier. Overseas assets of 245 companies totaled CNY 8.18 trillion, growing 24.03% year on year; the number of companies with overseas assets of exceeding CNY 100 billion was 10 and the number of companies with overseas assets exceeding 30% of total assets was 18.

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Source: Sinocast Investing & Securities Beat (China)

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