China merger and acquisition activity in Europe increasing: Study
BEIJING (AFP) - Chinese merger and acquisition activity in Europe in the first quarter of 2012 surpassed that of European firms in China for the first time, a study has shown, highlighting China's growing global impact.
"Chinese investors feel that the lingering uncertainty in the eurozone increases their chances of securing favourable deals with debt-laden European companies that were until now inaccessible," Ms Helene Rives, head of China Business Group for PricewaterhouseCoopers (PwC), said on Monday in a statement.
A recent PwC report found that in the first three months of this year, 32 investment deals by Chinese companies were recorded in Europe compared with 26 by European companies in China.
"This marks the first time that deal flow volume has been greater to Europe than to China," the report said.