Published: Friday, 14 March 2014 02:49
Written by ASIA Miner News
THERE is no doubt 2013 was a low point for mergers and acquisitions with the global mining downturn taking its toll but there are signs that activity will improve in 2014. Despite a continuing slowing of China’s economy, accounting firm Ernst & Young believes M&A activity has turned a corner.
The Mergers, Acquisitions and Capital Raising in Mining and Metals report by Ernst & Young said fewer deals were pursued globally in 2013 because of global economic uncertainty and less investor appetite for risk. It stated that in Australia the value of deals fell by 66% to $US5.5 billion - the lowest deal value since 2004 – with Chinese companies the biggest buyers of mining and metals assets.
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