China's mergers and acquisitions market disclosed 985 transactions involving a combined $66.92 billion in 2011, up 86% and 92.3% respectively from the year before and reaching a six-year high, according to a report released by Zero2IPO.

A total of 1,157 transactions were recorded during the past year - where 110 transactions were disclosed to be valued at a combined $28.1 billion - which involved Chinese companies purchasing stakes in foreign peers , up 93% in number and 112.9% in value from 2010, the report noted.

There were 66 transactions involving foreign companies buying Chinese companies last year, up 50% from 2010. Of these 66, 41 transactions were disclosed involving a combined $6.86 billion, up 209.2% from a year earlier. Nestle's $1.62 billion takeover of 60% of Chinese sweets maker Hsu Fu Chi boosted the aggregate amount, the report added.

Energy and mining was the most active industry, with 153 transactions valued at $21.98 billion in 2011, representing 13.2% and 32.8% respectively of the number of transactions and their total value.

The real estate industry came in second, seeing 113 transactions valued at $5.45 billion, accounting for 9.8% and 8.1% respectively of the number of transactions and their total value. Machinery manufacturing snatched the third spot with 95 transactions valued at $2.75 billion, accounting for 8.2% and 4.1% respectively of the number of transactions and their total value.

 

$1 = ¥6.31

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
C-M-O-D-O AUTHENTIC SITE PayPal
@2014 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate