chinas top 10 overseas acquisitions
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China's top 10 overseas acquisitions

Arab Today, arab today

Arab Today, arab today China's top 10 overseas acquisitions

Chinese companies
Beijing - AFP

Chinese companies buying spree of overseas assets have made world headlines as Beijing encourages entrepreneurs to acquire foreign resources and technologies, market share and management expertise while domestic economic growth slowed.

Slumping global commodity prices since 2014 and the falling value of the euro have made their prey even cheaper.

Here are the 10 biggest overseas acquisitions by Chinese companies by value, with debt excluded, according to figures from international financial data provider Dealogic:

$43 billion: State-owned China National Chemical Corporation (ChemChina) offers to buy Swiss pesticide and seed giant Syngenta (LSE: 0QOP.L - news) on Wednesday

$15.2 billion: Chinese oil behemoth CNOOC (HKSE: 0883.HK - news) acquires Canada's energy company Nexen (KSE: 005720.KS - news) in a deal completed in 2013

$14.3 billion: State-owned aluminium firm Chinalco buys a minority shareholding in Anglo-Australian mining group Rio Tinto (LSE: RIO.L - news) in 2008

$8.8 billion: State-run investment firm China Cinda Asset Management announces in December it would take over Hong Kong's Nanyang Commercial Bank

$7.9 billion: ChemChina acquires Italian tyremaker Pirelli last year

$7.3 billion: Refiner Sinopec buys Swiss oil exploration company Addax Petroleum in 2009

$7.1 billion: Sinopec (HKSE: 0386-OL.HK - news) purchases 40 percent of Spanish energy giant Repsol (Amsterdam: RP6.AS - news) 's Brazilian operations in 2010

$7.0 billion: A Chinese consortium led by state-owned mining giant China Minmetals Corp buys Glencore Xstrata's Las Bambas copper mine in Peru in 2014

$5.6 billion: China sovereign wealth fund China Investment Corp purchases 9.9 percent of US investment bank Morgan Stanley (Xetra: 885836 - news) in 2007

$5.5 billion: Industrial & Commercial Bank of China, the country's biggest lender, acquires a 20 percent stake in South Africa's Standard Bank in 2007

Note (Stockholm: NOTE.ST - news) : Pork producer WH Group (HKSE: 0288-OL.HK - news) , formerly known as Shuanghui International Holdings, bought Smithfield Foods of the US for $4.7 billion in 2013. With (Other OTC: WWTH - news) debt included, the deal was worth $7.1 billion.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chinas top 10 overseas acquisitions chinas top 10 overseas acquisitions

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chinas top 10 overseas acquisitions chinas top 10 overseas acquisitions

 



GMT 11:23 2017 Monday ,06 February

Member criticized suppression in West Bank

GMT 20:25 2017 Saturday ,28 October

Masoud Barzani will not extend presidential term

GMT 18:43 2017 Monday ,11 December

Saudi Arabia hails Iraq’s victory over Daesh

GMT 08:11 2017 Tuesday ,14 February

Chocs away as Japan cashes in on Valentine's Day

GMT 18:47 2017 Saturday ,25 March

Tamim century sets up Bangladesh win over Sri Lanka

GMT 03:38 2017 Saturday ,05 August

August24th-September23rd
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday