Mergers and acquisitions activity in Asia Pacific could decline by 18% in 2019 to $634 billion, amid global uncertainties, a joint report by Baker McKenzie and Oxford Economics predicts.
Chinese acquisitions of American companies fell by almost 95% — from a peak of $55.3 billion in 2016 to to just $3 billion in 2018,. "Large cross-border deals that have characterized the mergers and acquisitions market for the past five years are becoming increasingly difficult to seal as the trade dispute persists."
Policymakers in Japan are actively encouraging local companies to acquire abroad and find new pools of demand for Japanese goods, Baker McKenzie's Wong added.
Due to "mounting uncertainty" in the global economy, the volume of deals worldwide is set to decline — from $2.9 trillion in 2019 to $2.1 trillion in 2020, Baker McKenzie predicted.By then, the global economy will begin to stabilize as well, and make the business environment more conducive for further acquisitions, Wong told CNBC.
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