Magazines Archives - 2007 February

Competition Expected To Fuel M&As In China
Story 14

CHINA can expect more mergers and acquisitions (M&As) this year as competition mounts, say analysts.

According to Thomson Financial report, M&A deals involving foreign acquirers totalled US$21.63 billion last year, with those for retail and other consumer businesses charting the most growth.

Companies with a share of the action last year included US electronics retailer Best Buy, which acquired Jiangsu Five Star Appliance for US$180 million.

Despite interest from foreign firms, domestic M&A deals continue to dominate the market, said the All-China Federation of Industry and Commerce (ACFIC). These include the purchase of Handan Steel by Baosteel Group and of Yongle by Gome.

Industry insiders have reportedly predicted the number of foreign M&As in China would continue to grow thisyear, with the focus likely to be mainly on the fiercely-competitive sectors of retail sales, IT and food.


2007 February Stories:

HR & Training – Service Excellence
Secret to better service. Creating a more involved working environment

The Valiram Group Wins Bid To Manage Luxury Brands At Changi Airport

China Reports Healthy 2006 Sales Growth

Pantaloon Signs JV With US Retailer Of Office Supplies

E-Land To Sell Carrefour Stores In South Korea

Tesco To Beef Up Korean Presence

Pet Safari Opens Largest Store In Singapore

Baleno Malaysia Set To Multiply In-Base Stores By Next Year

Inditex Expands In Asia

s.Oliver Launches Into India With Leading Local Partner

Traditional Thai Retailers Face Imminent Shutdown Unless More Aid Is Given

Damas Taps India’s Emerging Gems Market

HK Group Charts Major Growth Up North

Marks & Spencer To Debut In Kolkata

Competition Expected To Fuel M&As In China

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