Half of UK mergers and acquisitions from aboard
Research shows 44 per cent of takeover bids on UK companies come from abroad
Around half of all mergers and acquisitions targeting UK-based
firms in the past years have been backed by foreign firms, it has
City law firm Wedlake Bell has published figures which show that
44 per cent of takeover bids involving UK companies have been
targeted by overseas bidders.
That statistic rose to 53 per cent in the first three months
this year - nearly double the 27 per cent of deals that involved
foreign firms in the first quarter of 2008.
Tim Bird, partner and head of the corporate team at Wedlake
Bell, claimed that many firms are looking to invest in the
profitable UK market.
He said: "The return to growth of the UK economy is boosting the
confidence of overseas investors, who clearly view the long-term
prospects of the UK economy to be very good."
According to the report, around 30 per cent of UK bids have come
from America in the past two years, while Chinese investors have
been involved in 11 per cent of the deals.