Deloitte urges China caution

IRISH companies seeking to acquire businesses in China have been warned that only 20% of deals will deliver significant value.

The findings of Deloitte research into the success of international mergers and acquisitions (M&A) investment in China highlights the need for the nearly 300 Irish companies trading in China to be fully aware of the potential pitfalls if they are to successfully solidify their base there.

David Carson, M&A Transactions Services Partner at Deloitte, commented: “This year is a special year for China as the country celebrates the Year of the Golden Pig, which only takes place once every 60 years. The business community throughout China is heralding the New Year as a particularly auspicious year and hopes it will bring economic fortune.