Over 90% of Chinese respondents surveyed by the
Economist Intelligence Unit (EIU) and Norton Rose law firm said they
were looking to conduct a merger or acquisition over the next 12 months, the Financial Times reported. The EIU found that intra-Asian mergers and acquisitions climbed over the past five years
from 1,102 cross-border acquisitions valued at US$30 billion to 2,073 deals
valued at US$52 billion, as buyouts by Asian companies in Europe and North
America rose from US$2.6 billion in 2002 to US$15 billion in 2006. Bankers advising mainland companies predict that the country’s strongest telecommunications and financial services companies will lead the
acquisitions charge. The findings form part of a survey on cross-border corporate deals
based on responses from 258 executives across Asia, excluding Japan and
Australia.
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