RIO DE JANEIRO, BRAZIL - In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work.
Overseas acquisitions by Chinese firms are heading for their fourth consecutive yearly decline, with a US$31.1 billion tally that’s the lowest since 2007, according to data compiled by Bloomberg. Transactions targeting Latin America totaled US$7.7 billion, more than Europe and North America combined.
Chinese suitors have met heightened scrutiny in Europe and the U.S. this year as the pandemic left their strategic industries vulnerable . . .