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Economy

Top 10 M&A deals between China and UK

1
2015-10-20 09:43chinadaily.com.cn Editor: Wang Fan

For the first time ever, China has become a net capital exporter, while many Chinese companies are eager to expend their reach in European market through merger and acquisition. [Special coverage]

China's outbound foreign direct investment reached $116 billion in 2014 - an increase of 15.5 percent over the previous year.

The United Kingdom continues to be Europe's most attractive destination for Chinese investment. In 2014, it benefited from $5.1 billion of Chinese investment, nearly 30 percent of Europe's total.

The UK's advantages include a strong and vibrant economy, world-class financial center, along with strengths that compliment China's economy.

UK and Chinese businesses can also work together and become ideal partners for developing markets across the world.

Here are the top 10 M&A deals between China and UK, according to data from Thomson Reuters.

No.10 Sinochem Corp acquired the entire share capital of Emerald Energy PLC

Emerald Energy PLC is a London-based oil and gas exploration and production company.

Transaction value: $ 877.36 million

No.9 HSBC Insurance Holdings Ltd acquired 10% stake in Ping An Insurance (Group) of China

Ping An Insurance (Group) of China Co Ltd is a Beijing-based insurance company.

Transaction value: $ 1.04 billion

No.8 China Life Insurance Co Ltd acquired 10 Upper Bank Street

10 Upper Bank Street owns and operates office buildings.

Transaction value: $ 1.35 billion

No.7 HSBC Holdings PLC acquired a 19.9% stake in Bank of Communications

Bank of Communication is a bank based in Beijing.

Transaction value: $1.74 billion

No.6 Bright Food (Group) Co Ltd of China, acquired a 60% interest in Weetabix Ltd

Weetabix Ltd is a UK based breakfast cereal producer.

Transaction Value: $1.93 billion

No.5 China Development Bank acquired a 3.1% stake in Barclay PLC

Barclay PLC is a London-based provider of brokerage and financial services,

Transaction Value: $ $2.98 billion

No.4 Royal Bank of Scotland Group PLC acquired a 10% stake in Bank of China Ltd

Bank of China Ltd is a bank based in Beijing.

Transaction value: $ 3.1 billion

No.3 Aluminum Corp of China acquire 49.75% stake in Rio Tinto Escondida Ltd

Rio Tinto Escondida Ltd is a copper mining company and a subsidiary of Rio Tinto PLC

Transaction value: $ 3.38 billion

No.2 China Development Bank acquired another 3.5% stake in Barclay PLC

Barclay PLC is a London-based provider of brokerage and financial services,

Transaction Value: $ $5.59 billion

No.1 Aluminum Corp of China Ltd acquired a 12% Rio Tinto PLC

Rio Tinto PLC is a London-based copper, gold, iron and coal mining company.

Transaction value: $ 14.28 billion

  

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