Posted on 14 February 2011. Tags: acquisitions, China, Chinese government, economy force, financial policy, government, Mergers
The Chinese government announced that it would strengthen controls over the projects for mergers and acquisitions by foreign companies in order to “safeguard national security” – an initiative that could limit the ambitions of some companies from abroad. The Chinese government said it will establish a body to examine foreign investment in the national defense, agriculture, energy, natural resources, infrastructure, transport, technology and industrial facilities. This body will be placed under the control of the National Development and Reform and the Ministry of Commerce, reported on your site Chinese government. The foreign investment will be judged according to their economic and social stability of China and the country’s ability to continue research and development activities concerning technologies relating to homeland security, noted in the message. The country is realizing good financial policy and just a few months ago was claimed as a second economy force in the world.
Posted in Asian Finances
Posted on 25 March 2010. Tags: acquisitions, AIG, business, Citigroup, Finances, financial comment, food industry, Hostile acquisitions, Mergers
Mergers and acquisitions worldwide are gaining momentum in the first quarter of the year in the last three months were made over 2 thousand cross-border acquisitions and hostile takeovers 10. To contribute to this recovery in the global economy and stock market rally over the past 12 months. The value of takeovers increased by 5% annually during the first three months of this year to 498.24 billion dollars, cited by Bloomberg. Hostile acquisitions recorded growth of over 300 percent to 17.46 billion dollars. According to Mark Sharif, head of the Department of mergers and acquisitions for Citigroup, acquisitions may increase by 15-20% by the end of this year, provided that the global economy to shrink again. Last year, the realized value of acquisitions fell by 27 percent to 1.8 trillion. dollars, which is the lowest level for the past six years. Citigroup is one of the largest consultants in this field, she managed the sale of Asian life insurance unit of AIG, which was bought by Prudential of Britain’s 35.5 billion dollars earlier this year. It is the biggest deal in the market of mergers and acquisitions this year. Among the biggest deals this year and became hostile takeover of British chocolate maker Cadbury on the U.S. food manufacturer Kraft Foods. After four tense battle Cadbury has been absorbed by Kraft Foods for an amount of 21.4 billion dollars in February this year.
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Posted in World Finances