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 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 |