M&As rise 18 percent through first 11 months of 2007
Mergers and acquisition deals in China jumped 18 percent to more than 1,700 in the first 11 months of 2007 according to a PricewaterhouseCoopers report released on Wednesday.
The total M&A deals were worth more than 80 billion U.S. dollars, up 25 percent from the same period a year earlier. Of the total, 987 deals were conducted by domestic firms, an annual increase of 45 percent. The deals were valued at US$50.6 billion, up 53 percent from the previous year.
M&As saw robust growth in the financial services, property, manufacturing and mining sectors, the report stated. From January to November, the number of M&As by private equity funds reached more than 140, worth over US$10.6billion.