跨境并购法律业务研讨会seminaroncross（ppt课件）.ppt

Chinese Outbound M&A in Europe中国企业在欧洲进行并购交易
Dr. Nils Krause
倪尔思博士
Partner,Co-Head of German Corporate/ M&A
合伙人,德国公司法/并购业务负责人
March 2016
2016年3月
Topics 内容概述
Overview of Chinese enterprises' current practice in overseas M&A projects in different industries and jurisdictions中国企业目前在不同行业、国家和地区从事海外并购的实践概述
Overview of M&A transactions 并购交易概述
Suggestions when undertaking these projects 项目实施过程中的建议
March 2016
Chinese Outbound M&A
Chinese Outbound M&A
中国企业海外并购
Section 1: Overview of Chinese Enterprises' Current Practice in Overseas M&A Projects
第一部分:中国企业在不同行业、国家和地区从事海外并购的实践概述
March 2016
Chinese Outbound M&A
Why panies are "going out"中国企业“走出去”的原因
Outbound investments are driven by domestic and overseas factors, including:对外投资受到国内和境外两方面因素的影响,具体包括:
Strong Government support (. "one belt one road")政府的大力支持(如“一带一路”)
Assist Chinese exports – develop new markets outside China and grow international presence;为中方出口提供助力–开拓国外新市场,营造国际形象
Acquire technology and brands;收购相关技术和品牌
Desire to secure supply of mining and natural resources;保证矿产资源和自然资源的稳定供给的需要
panies have been investing in overseas greenfield projects, and through M&A
中国企业通过并购交易和绿地项目进行海外投资。
March 2016
Chinese Outbound M&A
Chinese Outbound M&A: Background中国企业海外并购:背景
In 2015, Chinese investors invested in 6,532 panies across 155 countries/regions, which amounted to USD billion.2015年,中国投资者共投资了分布于155个国家/地区的6532个境外公司,累计实现对外投资一千一百八十亿美元。
Recently, deals are being done in more sectors近期,海外投资拓展到更多的行业领域。
March 2016
Chinese Outbound M&A
panies’ investment destinations are also changing from resource-rich developing countries to developed countries.
中国公司的投资方向也逐渐从资源丰富的发展中国家,向发达国家转变。
In 2015, Europe, US and Australia accounted for almost two-third of all Chinese outbound M&A transactions value.
2015年,欧洲、美国和澳大利亚占中国对外并购交易总额的近三分之二。
Completed Outbound Chinese M&A by Region
以完成中国海外并购投资(按地域)
Chinese Outbound M&A: Background中国企业海外并购:背景
Companies in developed countries provide access to advanced technolo