Enter the dragon

The growth of outbound Chinese mergers & acquisitions (M&A) in Europe continued at a searing pace in the first half of 2014. Deal volumes reached an unprecedented US$ 14 billion in value during this period, representing a staggering 176% increase. Read more in our Sino-Europe Outbound M&A Review 1H 2014.

The industrial sector has continued to lead the way, with a deal value of US$ 4bn, followed by agriculture and financial services. As commodity prices continue to fall, Chinese appetite has moved away from natural resources and has instead focused on areas such as industrial technologies, consumer goods, power and utilities, transportation and logistics, and real estate.

By deal volume, the industrial sector was also the most active with 10 deals announced in 1H 2014, followed by the consumer sector and the real estate sector.

The top three destination countries in Europe for Chinese buyers were the UK, the Netherlands and France by deal value and the UK and Germany by deal volume.

Read more in the 1H 2014 Review, which was prepared by ING’s Corporate Finance Asia team.