
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.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor