India beat China in overseas M&A deal growth | business | Hindustan Times
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India beat China in overseas M&A deal growth

business Updated: Oct 04, 2007 15:45 IST

Indian companies have surpassed their Chinese counterparts in making cross border merger and acquisitions with a 126 per cent annual growth, while the Asia Pacific region registers a 36 per cent rise in overseas M&As, says a report.

So far this year, India has recorded a 126 per cent jump in the amount spent on M&A deals outside the Asia Pacific region, compared to the previous year's figure. However, China posed a 82 per cent growth during the period.

"China and India are the second and third most acquisitive nations, with $17.3 billion and $16.1 billion respectively spent on cross region outbound merger and acquisitions," according to global financial data provider Dealogic.

As per the analysis, Australia was the most acquisitive nation with 38.2 billion dollars spent on 217 deals outside the region. The largest deal was made by Centro Properties Group to acquire US-based New Plan Excel Realty Trust for 5 billion dollars.

Companies in the Asia Pacific region have invested 104.3 billion dollars through 622 deals outside the region so far this year, which is 36 per cent higher than the same period last year.

This is the highest year-to-date figure on record, Dealogic said, adding that around 27 deals each valued over one billion dollars were announced so far this year, compared to 18 deals a year ago.