Summit Notebook
Exclusive outtakes from industry leaders
China resource deals still hot
Investment bankers have been saying that there are only two
things you need to know when it comes to Asia M&As — China and
resources.
Is this still the case after Rio Tinto walked away from
Chinalco’s $19 billion proposal earlier this year?
A noticeable rise has been seen over the last 12 to 18 months
in China-related mergers and acquisitions, particularly Chinese
firms moving on overseas targets, Philip Partnow, a senior banker
with UBS Securities, said at the Reuters China Investment Summit.
“My personal view is it’s a very interesting and exciting
area,” said Partnow, deputy head of UBS’s investment banking
department in China. “There’s a lot of activity.”
