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.
Author:
Gilly Wright
Project Coordinator:
S.J. Yun
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 |