US share of China's global M&A deals 'rising'
By Hu Yuanyuan | China Daily | Updated: 2015-09-25 07:55
The United States is expected to be the second-largest destination for Chinese outbound mergers and acquisitions this year, with high-tech companies being the most-sought-after targets, experts from Deloitte said on Wednesday.
In the first half of 2015, Chinese outbound M&A volume grew by 25 percent while the value jumped by 70 percent year-on-year, according to statistics from Mergermarket, a company specializing in corporate financial news and analysis.
Deals were largely concentrated in Western Europe and the US, with the former attracting half of the deal value due to the deprecating euro. Western Europe accounted for 35 transactions worth $24.3 billion, while the US took 35 deals totaling $9.9 billion.
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