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BIZCHINA> Top Biz News
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Chinese firms will increase overseas M&A: RBS survey
By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-03-05 14:43 Chinese companies will increase overseas mergers and acquisitions in the next 12 months as the economic downturn presents opportunities, according to a survey from Royal Bank of Scotland (RBS).
"Chinese corporations remain eager to expand through global acquisitions. This is part of a continuation of a longer-term trend and for which the current difficult global economic environment presents opportunities," said Michael Bracken, managing director with corporate finance group Asia at RBS. In terms of deal size, 63 percent of respondents said the bulk of acquisitions would occur within the "mid-market" range, less than $500 million. (For more biz stories, please visit Industries)
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