M&As related to Chinese firms up to 11-month high
Updated: 2013-01-31 19:50
(chinadaily.com.cn)
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The value of January merger and acquisition deals related to Chinese companies totaled $57.5 billion, an 11-month high, ChinaVenture Group reported on Thursday.
The report said 184 deals were made in January in the Chinese M&A market, a month-on-month increase of 33 percent. The value totaled $57.5 billion, a 316 percent increase month-on-month.
The largest deal announced in the month centered on Petrochina's negotiations for Exxon Mobil's 60 percent stake in the $50 billion West Qurna-1 oilfield in Iraq, the report said.
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