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Cross-border M&As set to gather momentum

Cross-border mergers and acquisitions are expected to pick up despite current sluggish turnover, with China and the United States being the driving force, an industry report said. According to the report by Brunswick Group, a global public relations firm, 58 percent of the interviewees, among more than 100 professionals interviewed, anticipate an increase in the number of cross-border deals in the next 12 months, while 31 percent of them expect it to be the same as last year. More than 70 percent of interviewees believe that China and the US will be the most active countries driving outbound acquisitions, with Europe in third place. Currently, global cross-border mergers and acquisitions are experiencing a depression. Data from financial markets platform Dialogic showed that global cross-border mergers and acquisitions declined by 7 percent in the first three quarters of 2017. "Despite all the rhetoric against globalization, our study shows that there is cautious optimism for cross-border mergers and acquisitions," said Tim Payne, senior partner and head of Asia, Brunswick Group.