BEIJING, Jan 25 (Xinhua) -- A total of 722 merger and acquisition (M&A) deals by Chinese companies took place at overseas market in 2018, with disclosed transaction value at 108 billion U.S. dollars, according to a report released by EY on Thursday.
The number of M&A deals and their disclosed value of transaction respectively witnessed a year-on-year decline of 16.7 percent and 2.9 percent during the period.
In terms of industries, the electricity and public utility industry ranked the top with M&A transaction value at 31.38 billion U.S. dollars in 2018, accounting for 29.1 percent of the total. It was followed by consumer goods and TMT industries, with transaction value at 16.26 billion U.S. dollars and 15.41 billion U.S. dollars respectively, accounting for 15.1 percent and 14.3 percent of the total.
Meanwhile, the TMT industry ranked top with 173 deals in 2018, which has become the industry with the largest number of overseas acquisitions by Chinese companies for five consecutive years, followed by consumer goods and financial service industries which had 152 deals and 95 deals respectively.
In terms of countries (regions), Europe is still the region where the largest amount of overseas acquisitions carried out by Chinese companies, with transaction value reaching 65.94 billion U.S. dollars, up 37.9 percent year on year. (Edited by Ma Xin, maxin11@xinhua.org)
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