AFP, Beijing :
Chinese companies buying spree of overseas assets have made world headlines as Beijing encourages entrepreneurs to acquire foreign resources and technologies, market share and management expertise while domestic economic growth slowed.
Slumping global commodity prices since 2014 and the falling value of the euro have made their prey even cheaper.
Here are the 10 biggest overseas acquisitions by Chinese companies by value, with debt excluded, according to figures from international financial data provider Dealogic:
$43 billion: State-owned China National Chemical Corporation (ChemChina)
offers to buy Swiss pesticide and seed giant Syngenta on Wednesday $15.2
billion: Chinese oil behemoth CNOOC acquires Canada’s energy company Nexen in a deal completed in 2013 $14.3 billion: State-owned aluminium firm Chinalco buys a minority shareholding in Anglo-Australian mining group Rio Tinto in 2008 $8.8 billion: State-run investment firm China Cinda Asset Management announces in December it would take over Hong Kong’s Nanyang Commercial Bank $7.9 billion: ChemChina acquires Italian tyremaker Pirelli last year $7.3 billion: Refiner Sinopec buys Swiss oil exploration company Addax Petroleum in 2009 $7.1 billion: Sinopec purchases 40 percent of Spanish energy giant Repsol’s Brazilian operations in 2010 $7.0 billion.
Chinese companies buying spree of overseas assets have made world headlines as Beijing encourages entrepreneurs to acquire foreign resources and technologies, market share and management expertise while domestic economic growth slowed.
Slumping global commodity prices since 2014 and the falling value of the euro have made their prey even cheaper.
Here are the 10 biggest overseas acquisitions by Chinese companies by value, with debt excluded, according to figures from international financial data provider Dealogic:
$43 billion: State-owned China National Chemical Corporation (ChemChina)
offers to buy Swiss pesticide and seed giant Syngenta on Wednesday $15.2
billion: Chinese oil behemoth CNOOC acquires Canada’s energy company Nexen in a deal completed in 2013 $14.3 billion: State-owned aluminium firm Chinalco buys a minority shareholding in Anglo-Australian mining group Rio Tinto in 2008 $8.8 billion: State-run investment firm China Cinda Asset Management announces in December it would take over Hong Kong’s Nanyang Commercial Bank $7.9 billion: ChemChina acquires Italian tyremaker Pirelli last year $7.3 billion: Refiner Sinopec buys Swiss oil exploration company Addax Petroleum in 2009 $7.1 billion: Sinopec purchases 40 percent of Spanish energy giant Repsol’s Brazilian operations in 2010 $7.0 billion.
