China M&A Week in Review is SSCO’s weekly summary of deals and key developments in China related Mergers and Acquisitions. Our emphasis is on cross-border deals.
This Week’s Links:
Outbound M&A and Investment
ENERGY
China firm wins Myanmar approval for $3 bln refinery–Reuters,5/4/2016
“Chinese state-controlled commodity trader Guangdong Zhenrong Energy Co has won approval from the Myanmar government to build a long-planned $3 billion refinery in the Southeast Asian nation in partnership with local parties including the energy ministry…The project, which also includes an oil terminal, storage and distribution facilities, would be one of the largest foreign investments in decades in Myanmar.”
TEXTILES
Chinese firm Jiangsu Sunshine to invest $350 million to set up textile factory in Ethiopia–Ecofin Agency,8/4/2016 “Chinese conglomerate Jiangsu Sunshine Group announced in a statement published on April 7 it will invest $359 million to build a textile factory in Ethiopia. The factory should be established in the Adama industrial park (about 100 km South East of Addis Ababa) over an area of 4.5 hectares.”
Inbound M&A into China
No significant deals were reported.
Domestic M&A – Notable Deals
No significant deals were reported.
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About Stenvall Skoeld & Company
Stenvall Skoeld & Company (SSCO) is an M&A advisory firm with global reach on cross-border transactions. We act as financial advisors to buyers and sellers on mergers, acquisitions, divestitures, capital raises and other strategic and financial transactions and investment decisions. We specialize in cross-border transactions involving Asia, China in particular.
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