Delhi: India has been ranked second after in outbound
M&A deals so far during 2007 in the Asia-Pacific region,
with outbound deals totalling $13.5 billion, in a report
by global consultancy firm Dealogic.
to the report, India''s cross-border M&A deal value
has more than doubled this year from about $5 billion
in the same period in last year.
data collected by Dealogic shows Australia topping the
Asia-Pacific cross-border outflow with over 125 deals
valued at $30 billion, followed by India with a total
of 74 foreign acquisitions in the current year so far.
of the significant Indian outbound cross-border deals
include Suzlon Energy''s acquisition of REpower for $1.7
billion, Vijay Mallya''s United Spirits buying out Whyte
& Mackay for $1.11 billion, Tata Power picking up
stake in two Indonesian firms and Essar Group''s purchase
of Canadian Algoma Steel for about $1.55 billion.
follows at the third spot with deals worth $7.7 billion,
down 50 per cent in the same period in 2006.
companies have emerged as the most targeted for acquisitions
by overseas firms with 135 deals valued at $28 billion,
followed by the firms in the UK with 43 deals at $12.1
billion and acquisition of 25 Canadian businesses at deals
worth $11.1 billion.
Asia Pacific cross-border M&A outflow activity has
crossed $63.6 billion.