China is 3rd biggest M&A player in Africa
By Cai Xiao | China Daily | Updated: 2013-07-09 06:13
China has become the world's third-largest country doing mergers and acquisitions in Africa, favoring the oil and gas sector, according to a report by international law firm Freshfields Bruckhaus Deringer released on Monday.
The country made 49 M&A deals totaling $20.8 billion in Africa since 2003, following the United Kingdom with $30.5 billion and France with $30.47 billion.
The value of African inward investment has tripled in the last 10 years reaching more than $182 billion, up 214 percent in 2012 compared with 2003.
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