"Elephant level" acquisitions surge overseas mergers and acquisitions of Chinese enterprises have entered the 3.0 era
"elephant level" acquisitions surge overseas mergers and acquisitions of Chinese enterprises have entered the 3.0 era
China Construction machinery information
Introduction: the tide of overseas mergers and acquisitions of Chinese enterprises has just stepped into January 2012, and elephant level overseas mergers and acquisitions of Chinese enterprises have followed: Sany Heavy Industry's 324million euros acquisition of Putzmeister, Germany, Guangxi Liugong invested 335million yuan to acquire the largest Polish construction machinery in Eastern Europe, and replaced HSW's engineering machinery with plastics
overseas mergers and acquisitions of Chinese enterprises have just stepped into January 2012, and the "elephant class" overseas mergers and acquisitions of Chinese enterprises have followed: Sany Heavy Industry acquired Germany's Putzmeister for 324million euros, and Guangxi Liugong invested 335million yuan to improve the yield to acquire the construction machinery division of HSW, the largest Polish construction machinery enterprise in Eastern Europe, Shandong heavy industry 374million euros obtained a 75% controlling stake in Italian Faraday group, the global luxury yacht giant, and Guodian purchased 21.35% shares of Portugal power with 387million euros...
overseas mergers and acquisitions of Chinese enterprises seem to have entered the 3.0 era
"I think it is an important opportunity for (Chinese enterprises) to carry out mergers and acquisitions, especially for some developed countries that have suffered a major blow." Appearing in front of the camera the day before yesterday as the former president of China Aviation Oil (Singapore), Chen Jiulin, who came back, quietly changed the name "jiu" to "jiu", but he was still interviewed as a master of "investment and M & a". The background of the interview is the tide of overseas mergers and acquisitions of Chinese Enterprises -
US $42.9 billion
last year, Chinese enterprises set a record for overseas mergers and acquisitions
PwC recently released a report that in 2011, the number of mergers and acquisitions of Chinese enterprises reached a record high. According to the report, in 2011, the number of overseas M & A transactions of Chinese enterprises reached a record 207, with a year-on-year increase of 10%, and the total transaction amount reached US $42.9 billion, with a year-on-year increase of 12%. The report also said that compared with 12 in 2010, Chinese enterprises disclosed 16 "elephant class" overseas M & A transactions with a transaction amount of more than US $1billion in 2011, including 14 transactions in the field of resources and energy
"overseas mergers and acquisitions after 2008 are generally more than before 2008, both the scale of individual mergers and acquisitions and the overall amount are increasing. The financial crisis is the external cause; the growth of domestic enterprises is the internal cause." Kangrongping, a researcher at the Institute of world economy and politics of the Chinese Academy of Social Sciences, said in an interview with Yangcheng Evening News
Kang Rongping also said: "the general trend is that Chinese enterprises gradually increase overseas mergers and acquisitions. Taking Sany Heavy Industry's acquisition of German elephant as an example, the poor economic situation in Europe and the poor business situation of German elephant have given Chinese enterprises opportunities; China's domestic sales are also declining due to real estate regulation, so Chinese enterprises will be more internationalized."
overseas mergers and acquisitions in the 1.0s: ignorant start
landmark event: China's accession to the WTO in November 2001
characteristics: represented by large state-owned enterprises of petrochemical, metallurgical and other resource types, low-key attempts
reviewing the history of overseas mergers and acquisitions of Chinese enterprises, many economists like to use 2001 as the dividing line -- it was in the gestation period before, and then it was in the growth period -- indeed, before overseas mergers and acquisitions of Chinese enterprises, Almost rareOn November 10, 2001, China opened the door to the WTO and joined the game of global economic integration
Chen Jiulin was the "trendsetter" at that time - on December 6, 2001, China aviation oil was successfully listed on the Singapore main board, and was praised by Chinese enterprises as a river crossing vanguard on the "going out" strategic chessboard; On July 31, 2002, AVIC acquired 5% equity of CLH company in Spain with about S $100million; As of January 24, 2007, when the equity was sold, AVIC had eliminated the shrinkage and wrinkling of the ink film; The conductive oil of nano carbon ink received a total income of about S $400million
according to statistics, as of September 2004, the net assets of China Aviation Oil Company were 852 times that of Chen Jiu when he took over the embargo imposed by foreign countries on China, and the market value exceeded US $1.1 billion, 5022 times that of the original investment. This is why Chen Jiulin was selected as the "new leader of Asia" by the world economic forum in 2003. However, Chen Jiulin's halo of "aviation oil king" stopped at the wrong judgment in oil options and futures speculation that year, resulting in a cumulative loss of more than $550 million, and applied for bankruptcy protection to the high court of Singapore on November 30, 2004
Chen Jiulin paid a fine of 335000 yuan after serving 1035 days in Singapore. The day before yesterday, facing the media again and talking about the familiar topic of overseas mergers and acquisitions, Chen Jiulin said calmly: "(now) Europe and the United States have been hit by several rounds of financial crises or debt crises. Their markets are in urgent need of funds, and the willingness of sellers is stronger. The weight of price and negotiation is on our side. I think now is a good period of mergers and acquisitions."
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