Deals
Chinese Firms Will Target U.S. Megadeals, Goldman’s Lemkau Says
- Companies in China ‘still learning’ M&A, Goldman co- head says
- Chinese buyers have accounted for 24% of global deal volume
What's Behind the Decline in M&A Activity?
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Chinese companies are “still trying to learn how to do outbound M&A” but that won’t stop them from targeting U.S. and European deals worth more than $10 billion, according to Goldman Sachs Group Inc.’s global co-head of mergers and acquisitions.
Despite worries from U.S. boards that Chinese firms won’t provide promised capital or get regulatory approval, buyers from China are likely to pursue strategic targets above $10 billion, Gregg Lemkau said Monday on Bloomberg TV’s Deals Report segment.