subject: Mining M & A Transactions 16.1 Billion Worldwide By The Hot Lead [print this page] 2009, Chinese enterprises worldwide mining and metals industry deals with flying colors. Achieved turnover of 16.1 billion merger, total global trade deals with 27% of the total. April 8, Ernst & Young (the Ernst & Young) to release the results.
Since 2009, Chinese enterprises overseas M & A activity. Over the past 10 years, China has successfully completed over 369 mining and metals industry M & A transactions totaling more than 500 billion dollars, of which nearly 80% of the M & A transactions have occurred since 2008.
2009 global mergers and acquisitions in the industry reached a total of 1047 document, the cumulative transaction value of 60 billion U.S. dollars, compared with 126.9 billion U.S. dollars in 2008 decreased by over 50%. Also, last year's mining and metals industry M & A transaction-based activities to small, rarely large transactions.
Ernst & Young believes that China has shut down outdated production facilities and improve productivity and safety of government policy and become the driving force mergers and acquisitions.
In 2009, China's largest offshore mining industry transactions completed in the end, Yanzhou Coal Mining (21.94,0.26,1.20%) Co., Ltd. for 2.6 billion acquisition of Australian coal company FelixResources the entire share capital.
In the same year, China Investment Group has invested over 47 billion purchase of Canada, Australia, Indonesia and other countries of the shares of coal companies. China Minmetals Nonferrous Metals Co., Ltd. for 1.4 billion acquisition of Australian mining companies OZerals this part of the assets.
According to statistics, in 2009, China bought from Australia and Canada, the value of assets of 93 billion U.S. dollars, accounted for 92% of the amount of cross-border transactions.
Ernst & Young projected that China will not slow down the pace of foreign investment, developing countries will become the new focus. China's Overseas M & A services, Ernst & Young managing partner Wuzheng Xi said China's future mining and metals industry M & A activity in Africa, South America and Central Asia will increase, which is based mainly on developed countries, the high valuation of the equity and the reduction of high-quality resources.
Previously, the Economist Intelligence Unit's latest study published in the mergers and acquisitions over the past 5 years, the Chinese enterprises overseas M & A transactions completed half of the target company at least 50% ownership of the acquisition.
Wuzheng Xi said that the future of China's overseas M & A activities, for non-controlling equity investment or a minority stake of more and more.
In addition, also on the global Ernst & Young mining and metals industry in 2009 the trading and financing conditions of the analysis that business loans finance dropped by 64%, and by issuing new stock, issuing corporate bonds, introduction of strategic investors re-invested enterprises Guquan Deng Fang Shi Rongziqude a good effect. Which, after the sequel to the capital contributions by businesses 73.8 billion U.S. dollars, issuing corporate bonds to finance up to 61 billion U.S. dollars, than in 2008 increased by 50%.
