International and Emerging Markets Blog

Businesses bullish on overseas M&A in 2012

Wednesday, May 09, 2012 | Posted by: Fiona Cullinan
Categories: Thought leadership | Tags: business, M&A, survey, IBR, mergers, acquisitions, International business report, cross-border, mergers and acquisitions, Cross border M&A, optimism

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Dynamic businesses seeking growth have retained their appetite for mergers and acquisitions (M&A) in 2012 despite the ongoing economic challenges, according to our latest global survey of 12,000 business leaders in 40 economies.

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Companies Bill 2011 - The changing face of Company Law in India

Monday, January 16, 2012 | Posted by: Grant Thornton
Categories: India, India Watch Issue 15 | Tags: India, Corporate Governance, mergers, Budget, auditor, Budget 2012, incorporation, bill, companies bill 2011, auditor's rotation, companies act, investor portection, companies bill india,

A new Companies Act to amend the more than 50-year old Companies Act, 1956, is expected to be finally cleared in the Budget session in March 2012.

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Sustained momentum in India M&A deal activity

Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories: India, India Watch Issue 13 | Tags: India, China, India Watch, M&A, UK, mergers, acquisitions, sector, Competition Commission of India, value, deals

Against a backdrop of economic uncertainty in certain European regions, as well as moderating growth and demand, increasing interest rates, inflation issues and the merger control provisions being notified by the Competition Commission of India, M&A activity in India in the first half of 2011 has resiliently kept pace with 2010 levels, in line with our expectations.

 

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Automobiles ‘Made in China’ or ‘Made by China’

Thursday, April 21, 2011 | Posted by: Grant Thornton
Categories: China | Tags: business, tax, India, economy, Grant Thornton, global, China, growth, UK, infrastructure, mergers, IT, mergers and acquisitions, BRIC, acquisition

2009 was an important year for the China automotive industry. This was the year that China exceeds the United States and Japan in becoming the top car manufacturer by production volume. 2010 saw China produce just under 14m units, a 33% increase from 2009 and therefore consolidating its position as the world’s largest automotive manufacturer.  Into 2011, China’s position in the automotive market remains strong and this is unlikely to change for the foreseeable future.

As well as being the largest manufacturer, China is recognised as the largest automotive market in the world, given the size of the population where only one in five owns a car.  The forecast is that by 2015, the demand for cars in China will reach 25m - 30m units. Foreign car manufacturers are therefore naturally drawn to such an exciting market where the number of potential consumers is staggering.

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What are the global prospects for growth in 2011?

Thursday, April 14, 2011 | Posted by: Fiona Cullinan
Categories: China , South Africa, Thought leadership | Tags: India, China, report, growth, M&A, survey, IBR, mergers, funding, mergers and acquisitions, acquisition, Mergers and acquisition

An international cast of Grant Thornton corporate finance partners gathered in London recently – offering the perfect opportunity to grill them about activity in their sector and whether there is a growing appetite for M&A.

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BRICs lead the way in M&A

Thursday, March 03, 2011 | Posted by: Fiona Cullinan
Categories: Brazil, China , Russia, India, Thought leadership | Tags: India, statistics, China, report, growth, M&A, survey, IBR, mergers, Brazil, funding, Russia, mergers and acquisitions, BRIC, acquisition, listing, Brazil, Russia, India, China, M&A, mergers and acquisition, IBR, statistics, acquisition, growth, report, survey, listing, funding

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Nearly half (44%) of privately held businesses in the BRIC economies are planning to grow by acquisition in 2011, according to a new survey by Grant Thornton International. You can read the full report on M&A activity planned by Brazil, Russia, India and China below.

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Proposed amendments to UK’s takeover regime and its potential impact on acquisitive Indian companies

Friday, January 21, 2011 | Posted by: Grant Thornton
Categories: | Tags: business, India, economy, Grant Thornton, governance, growth, India Watch, UK, risk, South Asia Group, Grant Thornton India, international, aim, South Asia, Capital Markets, mergers

Last year saw a public debate in respect of the UK takeover regime which ensued as a result of the acquisition of Cadbury by Kraft. Some of the market participants were of the view that the UK takeover regime made it too easy for hostile offerors (i.e. offerors whose offers are not from the outset recommended by the board of the offeree company) to succeed.  In addition, some commentators felt that the outcome of offers, particularly hostile offers, was influenced unduly by the actions of the so-called ‘short-term’ investors (eg persons who become interested in the shares of an offeree company only after the possibility of an offer has been publicly announced).

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Indian corporates still looking to gain market share through M&A transactions

Monday, October 11, 2010 | Posted by: Grant Thornton
Categories: India, India Watch Issue 10 | Tags: business, India, finance, investment, economy, India Watch, M&A, risk, deals, South Asia, mergers, IT, Sanjeev Gandhi

India’s economy continues to demonstrate sustained growth during 2010. There is significant liquidity in the market and sentiment is clearly on the rise. Our own view is that this upward trend is likely to be maintained in the medium term given the robustness of the domestic Indian market albeit against a backdrop of western economies which are still facing tremendous economic challenges. 

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India Inc back on Cross border M&A trail

Thursday, July 15, 2010 | Posted by: Grant Thornton
Categories: | Tags: India, investment, Grant Thornton, M&A, South Asia Group, deals, South Asia, mergers, acquisitions, Sanjeev Gandhi

Predictably 2009 saw a significant drop in M&A activity in India. As sentiment picks up with the global economic recovery, we are seeing definite signs that India Inc. is once again ready for a sustained cross-border deal-making trend.

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Four things brands underestimate when doing business in China

Friday, July 09, 2010 | Posted by: Fiona Cullinan
Categories: China | Tags: business, investment, China, M&A, tips, success, mergers, acquisitions, failure

China offers a potential great business leap forward for many UK companies looking at M&A in emerging markets. But there are four key issues that they fail to appreciate when doing business the Chinese way, says Jason Ramey, partner with Grant Thornton International, currently on secondment to Grant Thornton China.

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