The acquisition of China chemical group by Chinese companies is a record
The acquisition of China chemical group by Chinese companies is a record
In the context of One Belt And One Road, the power of "Chinese buyers" is on the rise. In the first half of 2016, the number of Chinese overseas m&a deals reached 401 pens, totalling $135.3 billion, according to data from Dealogic, a global financial data service provider. China chemical group, the first major pesticide company to acquire the first major pesticide company, syngenta, was trading at a whopping $43 billion, the highest level ever for an overseas acquisition. Analysts pointed out that the introduction of "One Belt And One Road" national strategy and the introduction of various supporting measures have further stimulated the enthusiasm of Chinese enterprises to expand overseas. At the same time, the rapid acquisition of overseas resources through overseas mergers and acquisitions has become an important strategy for some enterprises. "Strategic" acquisition frequency Indeed, until the first half of this year, resource assets is still the focus of the SBC overseas mergers and acquisitions, such as copper, aluminum and other non-ferrous metal mines, and the "bottom" overseas assets such as oil field. The most typical sinochem group, after spending syngenta married the door, again in March through a subsidiary of sinochem international, acquisition will be one of the world rubber giant Halcyon company in Singapore. Sinochem has become one of the world's largest suppliers of rubber. Need to point out that the acquisition is more like a "strategic" acquisition of domestic rubber import dependency is as high as 80%, through this acquisition, there is no doubt that can effectively protect the safety of domestic natural rubber. The same strategic acquisition has also emerged in the non-ferrous industry. On May 16, the luoyang molybdenum industry announced that it would acquire a 56 per cent stake in TFM by purchasing FCX's FMDRC100 per cent stake through CMOC Limited, a Hong Kong subsidiary, for $26.5 billion. TFM's Tenke Fungurume mine is one of the world's largest and most tasteful copper and cobalt deposits. The metal cobalt, which is widely used in lithium batteries and superalloys, has been at historically low levels since it began falling in 2011. Analysts say that while China has the world's largest reserves and capacity in many areas of mineral resources, consumption is equally staggering. Considering the future demand growth, the current resources is not enough, especially in countries vigorously advances the strategy of new energy vehicles era background, although lithium resources in China, but due to factors such as technology, climate, traffic, resource output far couldn't keep up with rising demand, causes our country long-term dependence on foreign imports. Faced with the bottleneck, for domestic enterprises, to maximize the development and technical research strength of domestic lithium resources at the same time, from the perspective of globalization and internationalization, the courage to go out and have more high quality lithium resources, the implementation of the strategy for the country to provide powerful resources.. It is important to note that just for domestic, whether in the chemical industry, non-ferrous industry, at present there are different levels of excess capacity, in the international commodity at the bottom of the interval of time, through the way of overseas mergers and acquisitions, not only can get development needs at a lower cost of resources, ensure management of sustainability at the same time reduce the cost, and can draw lessons from the international excellent enterprise production and management experience, improve the efficiency of production and management, reduce operating costs, can also use the acquired company's channels to solve the problem of the capacity to change. And many construction, steel, coal enterprise, this year began to frequent sea similarly the truth, on the one hand, from the capacity to change the pressure, on the other hand also saw the support of the policy. Policy support for Chinese enterprises "go to sea" as "One Belt And One Road" has been promoted to the national strategic level, and a series of new measures have been issued accordingly. For example, the state administration of taxation has formulated 10 new measures against "One Belt And One Road" in order to better serve the "sea" enterprises. The NDRC is also considering plans to further streamline approval procedures and speed up mergers and acquisitions, according to sources. Before that, the domestic has introduced foreign investment registration system, "the sea" and only in the national development and reform commission, the ministry of commerce registered enterprise, this makes the SBC time also greatly shorten the overseas m&a. Promulgated by the state council's guidance is put forward to set up go global financial payment system, including the construction of policy finance and commercial finance with the combination of foreign investment financial support system, to promote financial capital and industrial capital joint get out and explore to establish overseas equity assets domestic trade financing platform, develop various forms of overseas investment funds, to promote the silk road fund, the Asian infrastructure investment bank, such as running, and actively promote the cooperation of countries along the way "area". The "green light" of the tax and approval process, as well as supporting financial support, has undoubtedly aroused the enthusiasm of Chinese enterprises to go to sea. With the implementation of more "One Belt And One Road" policy rules in the future, Chinese companies are making overseas acquisitions and domestic restrictions will become less and less. At that time, the restrictions on "Chinese buyers" will leave only the attitude and policies of the countries where the target is to be acquired. From the current situation of overseas merger and acquisition, European market is smaller due to merger and acquisition competition, and local supervision is more friendly to Chinese enterprises, so it has become a key area for m&a in China. By contrast, in the wake of the rapid rise of "Chinese buyers", the us has increased its preparedness for Chinese companies, and the foreign investment commission has tightened its scrutiny of multinational takeovers. One of the most typical cases is that when tsinghua unigroup acquired western data shares, it was blocked by the foreign investment committee of the United States.
