China’s desire to buy enough to Europe

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Acquisitions

China’s desire to buy enough to Europe

At home in China, sluggish growth, therefore investors from the far East look increasingly in Europe to wage a Takeover target. Especially in Germany you will find it.

Chinese investors are currently buying in bulk in Europe. In the first half of the year, you have acquisitions plans for companies with a record volume of 72.4 billion dollars, so around 65.2 billion euros, was announced. The published on Thursday, list of consulting company EY (Ernst & Young).

With 164 transactions was already achieved at mid-year, almost the value from the previous year, when it came to 183 Acquisitions or investments in companies, other acquisition transactions were in the pipeline.

Germany’s most popular destination

With 37 acquisitions or investments, Germany was the favourite destination of Chinese investors in France (23) United Kingdom (20). The sum, which was invested in German companies or according to the Plan, to invest, rose to 10.8 billion dollars (9.7 billion euros) after only 526 million dollars (474 million euros) in the entire previous year.

Almost half of them, around 4.7 billion dollars, is attributable to the planned Acquisition of the machine manufacturer Kuka, the Chinese conglomerate Midea. The Deal is this year, the third-largest in Europe – according to the also not-yet-completed 44-billion-Dollar Acquisition of Swiss chemicals company Syngenta by Chemchina and the 8.6 billion-Dollar purchase of the Finnish mobile developer Supercell games by the Chinese Internet group Tencent.

To place four this year, the sale of the German waste management and energy company EEW of Beijing Enterprises Holding so far. The EY Advisor can expect for the second half of the year more spectacular Acquisitions by Chinese investors, who wanted to be due to the slow growth in their home markets, specialization, and opportunities sought.

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Not only industrial investments asked

You were here on a market where many investment companies wanted from their investments separate. The interest is not directed only on technology and engineering companies, said EY Partner, Alexander Kron. Also hospitals, nursing homes, pharmaceutical and Biotech companies were the least of the focus.

A Takeover should not be to the detriment of the workers, said the EY-China-expert Yi Sun. The trend is for the Chinese built parallel to the local capacities for further works in China. In the case of high-tech companies, the relocation was due to the highly complex Know-how, even often impossible. “The times in which a steel mill to be mined in China was rebuilt, are long gone.”

Faucet sale failed

Meanwhile, the Federal state of Rhineland-Palatinate remains in the loss-making Frankfurt-Hahn airport to sit. Of a month ago, approved the sale of the Ryanair site in the Hunsrück region in the Chinese group Shanghai Yiqian Trading (SYT) was stopped in the last week, finally. During the visit of Secretary of state from Mainz in Shanghai, it was proved that the alleged prospective buyer has not registered the sale in China.

For the airport-share of 82.5 percent, the government in Mainz, Germany, wanted to 13 million euros from the Chinese. Quickly doubt SYT appeared, since the company itself was unknown in China. Now the country wants to initiate the sale with two prospective buyers, which had been gouged out by SYT. The companies have stated that they are willing to talk, said interior Minister Roger Lewentz (SPD).

who/bea (dpa, rtrd)