Value and Number of Cross-border M&A by Region/Country 2011-2013

Emerging markets overtook developed markets both in terms of sales and purchases of foreign acquisitions - accounting for 56% of total cross-border transactions in 2013.


Thompson Reuters data shows that worldwide M&As activity totalled US$2.4 trillion during full year 2013, a drop of 6% from 2012 levels, the number of deals was at an eight year low and that cross-border M&A was down 18% in 2103. Cross-border M&A activity totalled US$737.8 billion during full year 2013, accounting for 31% of overall M&A volume and down 18% compared to full year 2012. M&A involving companies located in emerging markets totalled US$675.2 billion during full year 2013, a 5% decrease from 2012 and accounted for 28% of worldwide announced activity.

Expectations of a rebound in cross-border M&A activity in 2013 did not materialize as transnational corporations (TNCs) maintained a cautious approach. The value of cross-border M&A sales increased only modestly by 5% to reach US$337 billion, in 2013. This increase was mainly driven by deals in East and South-East Asia, particularly in China, Singapore and Thailand, while Latin America’s increase in sales was due to a US$18 billion mega deal in Mexico.


Value by Region/Country: Purchaser Side | Seller Side
# of M&A’s By Region/Country: Purchaser Side | Seller Side


Emerging markets overtook developed markets both in terms of sales and purchases of foreign acquisitions – accounting for 56% of total cross-border transactions in 2013. Emerging market M&A sales value, bounced back to pre-crisis levels in 2013, increasing by 64% to US$88 billion. Almost 68% of the acquisitions were from other developing countries (up from about 50% in 2006) and included some record-breaking acquisitions by Chinese and Russian companies. Africa saw the most rapid increase in appetite among dealmakers, with the share of global M&A activity rising from 4% to 7%.

Cross-border sales in developed countries decreased by about 10% on both sides of the Atlantic. Cross-border M&A sales in NAFTA in 2013 remained at the same level as the previous year, although Unctad’s World Investment Report 2014 suggests this stability hides significant changes in their source regions, with significant increases in acquisitions from developing economies (+63% to US$37 billion) and a decrease from developed countries (-21%). A number of developed countries such as Australia, United Kingdom, France, Ireland and Spain undertook large divestments from NAFTA in 2013.

Unctad believes confidence is returning in Europe. Germany, for example, more than doubled its sales with some major deals including Vodafone’s acquisition of Kabel Deutschland for US$7.7 billion. Increases in FDI flows to Japan in 2013 were mainly owing to a number of mega deals, including United States–based Micron Technology Inc’s merger with Elpida Memory Inc for US$2.5 billion. Europe was the most prominent target market for dealmakers looking outside their home markets in 2013, with 38% of transactions by value taking place in the region. By contrast, North America, which saw the same amount of inbound M&A spending as Europe in 2012, was the target of only one in four deals last year.

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Value of cross-border M&As by region/economy of purchaser, 2011-2013 (In Millions of Dollars


Value by Region/Country: Purchaser Side | Seller Side
# of M&A’s By Region/Country: Purchaser Side | Seller Side

Region/Economy

2011

2012

2013

World
 556 051
 331 651
 348 755
Developed economies
 430 134
 183 914
 151 752
Europe
 171 902
 42 035
 6 798
European Union
 140 634
 19 190
–  786
Austria
 3 733
 1 835
 8 813
Belgium
 7 841
– 1 354
 13 251
Bulgaria
–  0
Croatia
  5
Cyprus
 3 738
 8 060
  652
Czech Republic
  26
  474
 4 012
Czech Republic
Denmark
–  133
  553
  214
Estonia
–  1
  1
–  36
Finland
 2 353
 4 116
 1 754
France
 37 090
– 3 051
 2 177
Germany
 5 656
 15 674
 6 829
Greece
–  148
– 1 561
– 1 015
Hungary
  17
–  7
Ireland
– 5 648
 2 629
– 4 091
Italy
 3 902
– 1 633
 2 440
Latvia
–  3
Lithuania
  4
–  3
  10
Luxembourg
 1 110
–  716
 3 794
Malta
–  16
  25
  22
Netherlands
– 3 841
– 1 092
– 3 243
Poland
  511
 3 399
  243
Portugal
 1 642
– 4 735
–  603
Romania
Slovakia
–  18
–  30
Slovenia
–  10
Spain
 15 505
– 1 621
– 7 348
Sweden
– 2 381
  151
– 4 994
United Kingdom
 69 704
– 1 926
– 23 671
Other developed Europe
 31 268
 22 845
 7 584
Andorra
  166
Faeroe Islands
  13
  35
Gibraltar
 1 757
–  527
–  48
Guernsey
– 1 183
 1 968
–  768
Iceland
–  437
– 2 559
  126
Isle of Man
–  736
–  162
–  850
Jersey
 5 192
 3 564
 2 015
Liechtenstein
Monaco
  16
  2
Norway
 5 661
 4 191
  87
Switzerland
 20 832
 16 357
 6 984
North America
 173 157
 109 956
 89 106
Canada
 36 049
 37 580
 30 180
United States
 137 107
 72 376
 58 926
Other developed countries
 85 076
 31 924
 55 848
Australia
 6 453
– 7 023
– 5 260
Bermuda
 2 468
 3 249
 4 412
Greenland
Israel
 8 720
– 2 210
  676
Japan
 62 372
 37 795
 55 122
New Zealand
 5 063
  113
  899
Developing economies
 105 381
 127 547
 129 491
Africa
 4 393
  629
 3 019
North Africa
  17
  85
  459
Algeria
  312
Egypt
–  16
Libya 
Morocco
  17
  101
  147
Tunisia
Other Africa
 4 376
  543
 2 560
Angola
  69
Benin
Botswana
–  14
  10
  3
Congo, Democratic Republic of the
  19
Côte d’ Ivoire
Eritrea
Gabon
Ghana
Kenya
–  3
Liberia
Mali
  2
Mauritius
–  173
–  418
  65
Namibia
Niger
–  185
Nigeria
  1
  40
  241
Senegal
Seychelles
–  78
  189
  1
Sierra Leone
South Africa
 4 291
  825
 2 246
Swaziland
Togo
  353
–  5
Uganda
Zambia
Zimbabwe
Asia
 83 013
 93 230
 107 915
East and South-East Asia
 70 122
 78 736
 98 217
East Asia
 52 057
 62 005
 70 587
China
 37 111
 37 930
 50 195
Hong Kong, China
 10 125
 16 076
 16 784
Korea, Democratic People’s Republic of
Korea, Republic of
 4 574
 5 754
 3 765
Macao, China
  10
Mongolia
Taiwan
  247
 2 235
–  157
South-East Asia
 18 065
 16 731
 27 630
Brunei Darussalam
Cambodia
  0
Indonesia
  409
  315
 2 923
Malaysia
 4 137
 9 251
 1 862
Myanmar
Philippines
  479
  682
  71
Singapore
 8 044
  802
 6 269
Thailand
 4 996
 5 659
 16 498
Viet Nam
  21
  7
South Asia
 6 288
 3 104
 1 621
Afghanistan
Bangladesh
India
 6 282
 3 103
 1 619
Maldives
Nepal
Pakistan
  2
Sri Lanka
  6
  1
West Asia
 6 604
 11 390
 8 077
Bahrain
– 2 691
  527
  317
Iraq
–  14
  8
Jordan
  37
–  2
Kuwait
 2 078
  376
  258
Lebanon
  836
  80
Oman
  222
  354
–  20
Qatar
–  790
 7 971
 3 078
Saudi Arabia
  107
  294
  520
State of Palestine
Turkey
  908
 2 012
  590
United Arab Emirates
 5 896
–  207
 3 326
Yemen
Latin America and the Caribbean
 18 010
 33 673
 18 479
South and Central America
 15 048
 30 606
 16 101
South America
 10 312
 23 719
 12 516
Argentina
  102
 2 754
  99
Bolivia, Plurinational State of
  2
Brazil
 5 541
 7 401
 2 971
Chile
  628
 10 248
 2 771
Colombia
 5 085
 3 007
 6 406
Ecuador
  40
Guyana
  0
  3
Peru
  171
  319
  225
Suriname
Uruguay
  13
  0
  8
Venezuela, Bolivarian Republic of
– 1 268
–  16
  35
Central America
 4 736
 6 887
 3 585
Belize
Costa Rica
  354
  50
El Salvador
  12
Guatemala
Honduras
  104
Mexico
 4 274
 6 504
 3 845
Panama
  462
  18
–  414
Caribbean
 2 962
 3 067
 2 378
Anguilla
  3
Antigua and Barbuda
Aruba
Bahamas
–  350
  228
–  10
Barbados
–  86
British Virgin Islands
  733
 1 968
 1 869
Cayman Islands
 1 188
  909
  444
Cuba
Dominican Republic
Jamaica
  15
Netherlands Antilles
  52
–  158
Puerto Rico
  202
  120
–  9
Saint Kitts and Nevis
Saint Vincent and the Grenadines
Trinidad and Tobago
–  15
–  244
Turks and Caicos Islands
US Virgin Islands
 1 150
  400
Oceania
–  35
  15
  78
American Samoa
–  29
  86
Fiji
French Polynesia
  44
Guam
Marshall Islands
–  35
  3
Micronesia, Federated States of
  4
Nauru
New Caledonia
Niue
Norfolk Island
  0
Papua New Guinea
Samoa
–  14
Tokelau
Tuvalu
Vanuatu
Transition economies
 13 378
 9 296
 56 970
South-East Europe
  51
  2
Bosnia and Herzegovina
  1
Montenegro
Serbia
  51
  1
Serbia and Montenegro
The former Yugoslav Republic of Macedonia
Yugoslavia (former)
CIS  
 13 327
 9 294
 56 970
Armenia
  0
Azerbaijan
  2
  748
Belarus
  215
Georgia
  188
Kazakhstan
 8 088
–  32
Russian Federation
 4 943
 8 302
 56 158
Ukraine
  106
  276
  597
Uzbekistan
Unspecified
 7 158
 10 894
 10 541
Memorandum
 
 
 
Least developed countries (LDCs)
  353
–  102
–  12
Landlocked countries (LLCs)
 8 076
  544
  6
Small island developing States (SIDS)
–  651
–  2
–  266
 

Value of cross-border M&As by region/economy of seller, 2011-2013 (In Millions of Dollars)


Value by Region/Country: Purchaser Side | Seller Side
# of M&A’s By Region/Country: Purchaser Side | Seller Side

Region/Economy

2011

2012

2013

World
 556 051
 331 651
 348 755
Developed economies
 438 645
 268 652
 239 606
Europe
 214 420
 144 651
 132 963
European Union
 185 332
 128 630
 120 813
Austria
 7 002
 1 687
  148
Belgium
 3 946
 1 786
 6 429
Bulgaria
–  96
  31
–  52
Croatia
  92
  81
  100
Cyprus
  782
  51
 1 417
Czech Republic
  725
  37
 1 617
Czechoslovakia (former)
Denmark
 7 958
 4 759
 1 341
Estonia
  239
  58
–  39
Finland
 1 028
 1 929
–  35
France
 23 161
 12 013
 8 953
Germany
 13 440
 7 793
 16 739
Greece
 1 204
  35
 2 488
Hungary
 1 714
  96
– 1 108
Ireland
 1 934
 12 096
 11 147
Italy
 15 095
 5 286
 5 910
Latvia
  1
  1
  4
Lithuania
  386
  39
  30
Luxembourg
 9 495
 6 461
  177
Malta
  96
  7
Netherlands
 14 076
 17 637
 22 896
Poland
 9 963
  824
  434
Portugal
  911
 8 225
 7 465
Romania
  88
  151
–  45
Slovakia
  0
  126
  541
Slovenia
  51
  330
  30
Spain
 17 716
 4 978
 5 185
Sweden
 7 647
 5 086
–  76
United Kingdom
 46 774
 36 936
 29 110
Other developed Europe
 29 088
 16 021
 12 150
Andorra
  12
Faeroe Islands
Gibraltar
  19
  50
Guernsey
  25
 1 294
  17
Iceland
  11
Isle of Man
–  217
  55
  1
Jersey
  88
  133
Liechtenstein
Monaco
  30
Norway
 9 517
 5 862
 7 874
Switzerland
 19 647
 8 635
 4 208
North America
 180 302
 95 656
 82 910
Canada
 33 344
 29 484
 23 342
United States
 146 958
 66 172
 59 567
Other developed countries
 43 923
 28 345
 23 733
Australia
 34 671
 23 959
 11 923
Bermuda
  121
  905
 3 273
Israel
 3 663
 1 026
 3 339
Japan
 4 671
 1 791
 4 271
New Zealand
  797
  664
  928
Developing economies
 84 645
 56 147
 112 969
Africa
 8 634
– 1 254
 3 848
North Africa
 1 353
–  388
 2 969
Algeria
  10
Egypt
  609
–  705
 1 836
Libya 
  20
Morocco
  274
  296
 1 092
Sudan
  450
Tunisia
  21
  31
Other Africa
 7 281
–  865
  879
Angola
Botswana
  6
  7
Burkina Faso
  1
  0
Cabo Verde
Cameroon
  0
Central African Republic
Chad
Congo
  7
Congo, Democratic Republic of the
–  51
Côte d’ Ivoire
  0
Equatorial Guinea
Eritrea
–  254
–  54
Ethiopia
  146
  366
Gabon
Ghana
–  3
  15
Guinea
Kenya
  19
  86
  103
Lesotho
Liberia
Madagascar
  12
Malawi
  20
Mali
Mauritania
Mauritius
  6
  13
Mozambique
  27
  3
  2
Namibia
  40
  15
  6
Niger
–  1
Nigeria
  539
–  159
  537
Reunion
Rwanda
  69
  2
Senegal
Seychelles
Sierra Leone
  52
South Africa
 6 673
–  968
  214
Uganda
  15
United Republic of Tanzania
  0
  36
Zambia
  8
Zimbabwe
  27
–  296
  5
Asia
 56 732
 33 418
 47 504
East and South-East Asia
 32 476
 22 377
 40 655
East Asia
 14 699
 11 987
 27 423
China
 12 083
 9 531
 26 866
Hong Kong, China
 2 157
 2 948
  459
Korea, Democratic People’s Republic of
Korea, Republic of
 2 550
– 1 528
–  615
Macao, China
  34
  30
  213
Mongolia
  88
  82
–  77
Taiwan Province of China
– 2 212
  925
  578
South-East Asia
 17 776
 10 390
 13 232
Brunei Darussalam
  0
Cambodia
  50
–  100
  12
Indonesia
 6 826
  477
  844
Lao People’s Democratic Republic
  6
Malaysia
 4 450
  721
–  749
Myanmar
Philippines
 2 586
  411
  890
Singapore
 1 730
 8 037
 10 950
Thailand
  954
–  65
  40
Viet Nam
 1 175
  908
 1 245
South Asia
 13 093
 2 821
 4 784
Bangladesh
  13
Iran, Islamic Republic of
  16
India
 12 798
 2 805
 4 763
Maldives
Nepal
  4
Pakistan
  247
–  153
  8
Sri Lanka
  44
  153
–  0
West Asia
 11 163
 8 219
 2 065
Bahrain
  30
–  111
Iraq
  717
 1 727
  324
Jordan
  183
  22
–  5
Kuwait
  16
 2 230
  414
Lebanon
  46
  317
Oman
–  774
Qatar
  28
  169
Saudi Arabia
  657
 1 429
  291
Syrian Arab Republic
Turkey
 8 930
 2 690
  867
United Arab Emirates
  556
  366
  286
Yemen
  44
Latin America and the Caribbean
 19 256
 24 050
 61 613
South and Central America
 16 055
 22 099
 33 907
South America
 14 833
 20 259
 17 063
Argentina
–  295
  360
–  76
Bolivia, Plurinational State of
  1
  74
Brazil
 15 112
 18 087
 9 996
Chile
–  197
–  78
 2 299
Colombia
– 1 216
 1 974
 3 881
Ecuador
  167
  140
  108
Falkland Islands (Malvinas)
Guyana
  3
Paraguay
  0
Peru
  512
–  67
  618
Suriname
  3
Uruguay
  747
  89
  162
Venezuela, Bolivarian Republic of
–  249
Central America
 1 222
 1 841
 16 845
Belize
  60
Costa Rica
  17
  120
  191
El Salvador
  103
–  1
Guatemala
  100
–  213
  411
Honduras
  23
Mexico
 1 143
 1 116
 15 896
Nicaragua
  71
  0
  130
Panama
–  235
  758
  216
Caribbean
 3 201
 1 950
 27 706
Antigua and Barbuda
Aruba
Bahamas
  212
  145
Barbados
British Virgin Islands
  631
  32
 26 958
Cayman Islands
–  112
  130
  40
Cuba
Dominican Republic
  39
 1 264
  213
Haiti
Jamaica
  9
Netherlands Antilles
  235
  276
  16
Puerto Rico
 1 214
  88
 1 079
Saint Kitts and Nevis
Saint Lucia
Trinidad and Tobago
  973
  16
–  600
US Virgin Islands
Oceania
  23
–  67
  4
American Samoa
  11
Cook Islands
Fiji
  0
Guam
Marshall Islands
New Caledonia
Niue
Papua New Guinea
  5
–  78
Samoa
Solomon Islands
  19
Vanuatu
  3
Transition economies
 32 762
 6 852
– 3 820
South-East Europe
 1 367
  3
  16
Albania
Bosnia and Herzegovina
  1
  6
Montenegro
Serbia
 1 340
  2
  9
Serbia and Montenegro
The former Yugoslav Republic of Macedonia
  27
Yugoslavia (former)
CIS  
 31 395
 6 849
– 3 836
Armenia
  26
  23
Azerbaijan
Belarus
  10
  13
Kazakhstan
  293
–  831
  217
Kyrgyzstan
  72
–  5
Moldova, Republic of
–  9
Russian Federation
 29 589
 7 228
– 3 901
Tajikistan
  14
Turkmenistan
Ukraine
 1 400
  434
–  169
Uzbekistan
  3
Georgia
  1
  2
Unspecified
Memorandum
 
 
 
Least developed countries (LDCs)
  501
  374
  26
Landlocked countries (LLCs)
  700
–  574
  258
Small island developing States (SIDS)
 1 223
  97
–  596
 

Number of cross-border M&As by region/economy of purchaser 2011-2013


Value by Region/Country: Purchaser Side | Seller Side
# of M&A’s By Region/Country: Purchaser Side | Seller Side

Region/Economy

2011

2012

2013

World
 10 397
 9 794
 8 624
Developed economies
 7 719
 7 121
 6 281
Europe
 4 319
 3 856
 3 425
European Union
 3 858
 3 428
 3 050
Austria
  87
  86
  102
Belgium
  93
  112
  84
Bulgaria
  5
  6
  6
Croatia
  1
  3
  5
Cyprus
  259
  245
  184
Czech Republic
  22
  38
  25
Czech Republic
Denmark
  91
  92
  81
Estonia
  18
  17
  16
Finland
  110
  75
  76
France
  529
  439
  401
Germany
  521
  465
  400
Greece
  15
  13
  11
Hungary
  4
  6
  13
Ireland
  88
  114
  78
Italy
  139
  127
  132
Latvia
  2
  4
  7
Lithuania
  12
  11
  9
Luxembourg
  75
  100
  89
Malta
  3
  6
  6
Netherlands
  311
  235
  195
Poland
  38
  32
  30
Portugal
  24
  19
  11
Romania
  3
  4
  5
Slovakia
  4
  9
  1
Slovenia
  1
  3
  1
Spain
  149
  133
  126
Sweden
  333
  248
  196
United Kingdom
  921
  786
  760
Other developed Europe
  461
  428
  375
Andorra
  7
  7
  4
Faeroe Islands
  1
  1
Gibraltar
  2
  3
  5
Guernsey
  27
  28
  23
Iceland
  5
  2
  7
Isle of Man
  13
  11
  9
Jersey
  18
  15
  18
Liechtenstein
  4
  8
  3
Monaco
  2
  1
  3
Norway
  108
  117
  86
San Marino
  1
Switzerland
  275
  234
  216
North America
 2 602
 2 473
 2 180
Canada
  686
  580
  486
United States
 1 916
 1 893
 1 694
Other developed countries
  798
  792
  676
Australia
  276
  223
  193
Bermuda
  28
  35
  36
Greenland
Israel
  62
  40
  38
Japan
  402
  460
  384
New Zealand
  30
  34
  25
Developing economies
 1 931
 1 902
 1 628
Africa
  81
  113
  96
North Africa
  5
  10
  12
Algeria
  1
  4
Egypt
  2
  5
  3
Libya 
Morocco
  1
  4
  5
Sudan
Tunisia
  2
Other Africa
  76
  103
  84
Benin
Côte d’ Ivoire
  1
Ghana
  1
  2
Guinea
Liberia
Mali
Mauritania
Niger
  1
  1
Nigeria
  4
  3
  2
Senegal
Sierra Leone
Togo
  1
  1
Cameroon
  1
Chad
  1
  1
Congo
Congo, Democratic Republic of the
  1
  1
Equatorial Guinea
Gabon
São Tomé and Principe
Eritrea
  1
  1
Ethiopia
  1
  1
Kenya
  5
  2
  2
Madagascar
  1
Mauritius
  10
  13
  11
Reunion
Seychelles
  3
  5
  9
Uganda
United Republic of Tanzania
Malawi
Zambia
Zimbabwe
  1
  3
  1
Botswana
  1
  1
Lesotho
Namibia
South Africa
  46
  70
  48
Swaziland
  1
  1
Angola
  3
Asia
 1 485
 1 410
 1 219
South, East and South-East Asia
 1 307
 1 245
 1 051
East and South-East Asia
 1 138
 1 116
  950
East Asia
  686
  663
  637
China
  269
  296
  288
Hong Kong, China
  265
  225
  242
Korea, Democratic People’s Republic of
Korea, Republic of
  121
  99
  75
Macao, China
  1
  2
Mongolia
  1
  2
Taiwan Province of China
  30
  40
  30
South-East Asia
  452
  453
  313
Brunei Darussalam
  2
Cambodia
  1
  1
Indonesia
  30
  19
  21
Lao People’s Democratic Republic
Malaysia
  113
  114
  73
Myanmar
Philippines
  17
  29
  11
Singapore
  254
  236
  177
Thailand
  37
  47
  24
Viet Nam
  1
  7
  4
South Asia
  169
  129
  101
Afghanistan
Bangladesh
  1
Iran, Islamic Republic of
India
  164
  122
  98
Nepal
Pakistan
  3
  1
Sri Lanka
  4
  4
  2
West Asia
  178
  165
  168
Bahrain
  24
  23
  28
Iraq
  1
  2
Jordan
  4
  4
  1
Kuwait
  26
  14
  20
Lebanon
  7
  4
  4
Oman
  4
  12
  4
Qatar
  12
  28
  14
Saudi Arabia
  24
  11
  17
State of Palestine
  1
Syrian Arab Republic
  1
Turkey
  24
  24
  29
United Arab Emirates
  52
  44
  48
Yemen
Latin America and the Caribbean
  364
  373
  306
South and Central America
  273
  274
  223
South America
  214
  204
  168
Argentina
  34
  21
  21
Bolivia, Plurinational State of
  2
  3
Brazil
  73
  70
  52
Chile
  41
  45
  37
Colombia
  34
  27
  27
Ecuador
  3
  3
Falkland Islands (Malvinas)
Guyana
  1
  1
Paraguay
  1
Peru
  18
  29
  16
Suriname
Uruguay
  3
  4
  4
Venezuela, Bolivarian Republic of
  6
  5
  5
Central America
  59
  70
  55
Belize
  3
  6
Costa Rica
  6
  4
  2
El Salvador
  1
  2
Guatemala
  1
  1
Honduras
  1
  1
  2
Mexico
  41
  41
  42
Nicaragua
Panama
  7
  15
  8
Caribbean
  91
  99
  83
Anguilla
  1
Antigua and Barbuda
Aruba
Bahamas
  7
  7
  10
Barbados
  1
  1
British Virgin Islands
  53
  60
  48
Cayman Islands
  15
  20
  14
Cuba
Dominican Republic
  1
  1
Haiti
Jamaica
  1
  1
  3
Martinique
  1
  1
  1
Netherlands Antilles
  4
  3
  1
Puerto Rico
  6
  5
  2
Saint Kitts and Nevis
Trinidad and Tobago
  2
Turks and Caicos Islands
US Virgin Islands
  2
  1
Oceania
  1
  6
  7
American Samoa
  3
Cook Islands
Fiji
  1
French Polynesia
  2
Marshall Islands
  1
Micronesia, Federated States of
  2
New Caledonia
Niue
Norfolk Island
  1
Northern Mariana Islands
Papua New Guinea
  2
Samoa
  1
  1
Solomon Islands
Tokelau
Tuvalu
Vanuatu
Transition economies 
  224
  198
  179
South-East Europe
  4
  4
  2
Albania
Bosnia and Herzegovina
  1
  2
Montenegro
Serbia
  3
  1
  2
Serbia and Montenegro
The former Yugoslav Republic of Macedonia
  1
Yugoslavia (former)
CIS   
  220
  194
  177
Armenia
  1
Azerbaijan
  3
  7
  1
Belarus
  1
  6
Kazakhstan
  8
  5
  6
Kyrgyzstan
  2
  1
Moldova, Republic of
  1
Russian Federation
  177
  154
  134
Ukraine
  29
  23
  28
Uzbekistan
Georgia
  2
  1
  1
Unspecified
  523
  573
  536
Memorandum
 
 
 
Least developed countries (LDCs)
  7
  7
  7
Landlocked countries (LLCs)
  17
  24
  19
Small island developing States (SIDS)
  22
  30
  40
alt RELATED ARTICLES
 

Number of cross-border M&As by region/economy of seller 2011-2013


Value by Region/Country: Purchaser Side | Seller Side
# of M&A’s By Region/Country: Purchaser Side | Seller Side

Region/Economy

2011

2012

2013

World
 10 397
 9 794
 8 624
Developed economies
 6 915
 6 658
 5 890
Europe
 4 195
 3 932
 3 509
European Union
 3 869
 3 591
 3 245
Austria
  80
  58
  66
Belgium
  115
  112
  96
Bulgaria
  14
  19
  23
Croatia
  18
  12
  12
Cyprus
  43
  36
  18
Czech Republic
  93
  78
  65
Czech Republic
Denmark
  122
  106
  138
Estonia
  18
  26
  21
Finland
  87
  86
  78
France
  433
  390
  347
Germany
  587
  563
  466
Greece
  18
  11
  25
Hungary
  25
  26
  35
Ireland
  64
  85
  56
Italy
  241
  166
  180
Latvia
  25
  19
  15
Lithuania
  37
  22
  15
Luxembourg
  37
  24
  23
Malta
  4
  5
  4
Netherlands
  217
  203
  197
Poland
  112
  117
  100
Portugal
  28
  35
  25
Romania
  39
  45
  42
Slovakia
  11
  16
  9
Slovenia
  2
  9
  7
Spain
  277
  262
  241
Sweden
  268
  248
  171
United Kingdom
  854
  812
  770
Other developed Europe
  326
  341
  264
Andorra
  1
Faeroe Islands
  2
Gibraltar
  3
  3
Guernsey
  3
  11
  7
Iceland
  3
  6
  2
Isle of Man
  9
  7
  6
Jersey
  4
  8
  4
Liechtenstein
  1
Monaco
  3
  1
  2
Norway
  144
  162
  119
San Marino
  1
Switzerland
  160
  140
  119
North America
 2 045
 1 982
 1 742
Canada
  504
  542
  464
United States
 1 541
 1 440
 1 278
Other developed countries
  675
  744
  639
Australia
  423
  425
  410
Bermuda
  18
  11
  10
Greenland
  2
Israel
  37
  57
  36
Japan
  121
  174
  109
New Zealand
  74
  77
  74
Developing economies
 2 853
 2 574
 2 237
Africa
  217
  202
  198
North Africa
  35
  37
  43
Algeria
  5
Egypt
  19
  23
  25
Libya 
  2
  1
Morocco
  10
  8
  9
Sudan
  1
  1
Tunisia
  3
  4
  4
Other Africa
  182
  165
  155
Benin
  1
Burkina Faso
  3
  4
  3
Cabo Verde
Côte d’ Ivoire
  1
  2
  3
Gambia
Ghana
  3
  1
  6
Guinea
  1
  2
Liberia
  2
  3
  3
Mali
  1
  3
Mauritania
Niger
  1
Nigeria
  12
  10
  12
Senegal
  1
Sierra Leone
  5
  5
Togo
  2
  1
Burundi
Rwanda
  2
  3
  1
Cameroon
  1
  1
  3
Chad
  1
  2
Congo
  3
  3
  1
Congo, Democratic Republic of the
  2
  6
Equatorial Guinea
Gabon
  1
  1
  5
Djibouti
  1
Eritrea
  1
  2
Ethiopia
  4
  4
  1
Kenya
  7
  8
  6
Madagascar
  1
  4
Mauritius
  7
  5
  3
Mayotte
Reunion
  2
  1
  1
Seychelles
Somalia
  2
Uganda
  2
  3
  2
United Republic of Tanzania
  2
  6
  3
Malawi
  1
  1
  3
Mozambique
  10
  5
  5
Zambia
  4
  4
Zimbabwe
  5
  10
  3
Botswana
  3
  1
  2
Lesotho
Namibia
  5
  11
  2
South Africa
  89
  68
  64
Swaziland
Angola
  1
Asia
 1 770
 1 577
 1 422
East and South-East Asia
 1 305
 1 126
  995
East Asia
  721
  624
  586
China
  405
  365
  343
Hong Kong, China
  154
  110
  113
Korea, Democratic People’s Republic of
Korea, Republic of
  106
  112
  88
Macao, China
  4
  2
  7
Mongolia
  18
  7
  2
Taiwan Province of China
  34
  28
  33
South-East Asia
  584
  502
  409
Brunei Darussalam
  1
  1
Cambodia
  3
  8
  5
Indonesia
  177
  118
  70
Lao People’s Democratic Republic
  4
  1
Malaysia
  100
  78
  76
Myanmar
  1
  3
Philippines
  41
  43
  27
Singapore
  153
  126
  125
Thailand
  54
  67
  53
Viet Nam
  51
  60
  49
South Asia
  244
  231
  235
Afghanistan
Bangladesh
  1
  2
  6
Iran, Islamic Republic of
  1
  2
India
  226
  206
  211
Maldives
  4
Nepal
  4
Pakistan
  5
  5
  3
Sri Lanka
  7
  16
  11
West Asia
  221
  220
  192
Bahrain
  2
  6
  6
Iraq
  8
  10
  8
Jordan
  12
  20
  8
Kuwait
  8
  10
  12
Lebanon
  5
  6
  2
Oman
  4
  7
  8
Qatar
  6
  5
  1
Saudi Arabia
  32
  19
  18
State of Palestine
Syrian Arab Republic
Turkey
  98
  94
  86
United Arab Emirates
  46
  41
  42
Yemen
  2
  1
Latin America and the Caribbean
  857
  783
  610
South and Central America
  766
  716
  569
South America
  637
  588
  440
Argentina
  123
  58
  39
Bolivia, Plurinational State of
  1
  3
  8
Brazil
  246
  260
  211
Chile
  84
  84
  62
Colombia
  70
  61
  38
Ecuador
  14
  11
  15
Falkland Islands (Malvinas)
  1
Guyana
  8
  1
  3
Paraguay
  3
  7
  6
Peru
  67
  72
  43
Suriname
  4
  2
Uruguay
  12
  22
  13
Venezuela, Bolivarian Republic of
  5
  6
  2
Central America
  129
  128
  129
Belize
  1
  2
Costa Rica
  15
  7
  12
El Salvador
  3
  6
Guatemala
  3
  5
  6
Honduras
  2
  2
  1
Mexico
  86
  86
  92
Nicaragua
  5
  5
  6
Panama
  14
  15
  12
Caribbean
  91
  67
  41
Anguilla
  1
  1
Antigua and Barbuda
  1
  1
Aruba
Bahamas
  4
  3
  1
Barbados
  1
  2
  2
British Virgin Islands
  41
  17
  12
Cayman Islands
  11
  15
  7
Cuba
Dominica
Dominican Republic
  3
  7
  2
Grenada
Guadeloupe
  2
Haiti
  1
Jamaica
  3
  2
Martinique
  2
  1
Netherlands Antilles
  1
  1
  2
Puerto Rico
  14
  12
  11
Saint Kitts and Nevis
  1
Saint Lucia
  2
Saint Vincent and the Grenadines
Trinidad and Tobago
  7
  2
  1
Turks and Caicos Islands
US Virgin Islands
  1
Oceania
  9
  12
  7
American Samoa
  1
Cook Islands
Fiji
  1
  1
French Polynesia
  1
Guam
  1
Kiribati
Marshall Islands
  1
Micronesia, Federated States of
New Caledonia
  3
Niue
Northern Mariana Islands
Papua New Guinea
  3
  5
  3
Samoa
  3
Solomon Islands
  1
  1
Tonga
Vanuatu
  1
  2
Transition economies
  629
  562
  497
South-East Europe
  33
  23
  19
Albania
  1
Bosnia and Herzegovina
  2
  2
  3
Montenegro
  1
  2
Serbia
  21
  11
  14
Serbia and Montenegro
  1
The former Yugoslav Republic of Macedonia
  8
  7
  2
Yugoslavia (former)
CIS   
  596
  539
  478
Armenia
  5
  5
  1
Azerbaijan
  1
  1
  1
Belarus
  10
  9
  4
Kazakhstan
  13
  9
  19
Kyrgyzstan
  4
  4
  4
Moldova, Republic of
  5
  1
Russian Federation
  473
  427
  357
Tajikistan
  1
  1
  2
Turkmenistan
Ukraine
  77
  72
  85
Uzbekistan
  3
  2
  4
Georgia
  4
  8
  1
Unspecified
Memorandum
 
 
 
Least developed countries (LDCs)
  58
  63
  61
Landlocked countries (LLCs)
  96
  78
  70
Small island developing States (SIDS)
  27
  27
  20
alt RELATED ARTICLES
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