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Foreign takeovers reach two-year high, says report

23 November 2010

Takeovers involving overseas companies have hit a two-year high in the UK as the number of bids from emerging markets continues to rise.

This is according to new research from City law firm Wedlake Bell, which found that 51 per cent of all offers for British companies so far this year have come from foreign buyers.

With the Bric nations - Brazil, Russia, India and China - showing an increasing appetite for mergers and acquisitions (M&A) in Britain, the percentage of bids from overseas rose to 58 per cent in the third quarter of 2010.

Tim Bird, partner and head of the corporate team at Wedlake Bell, suggested the findings reflect well on British business.

"It says something positive about the UK that so many companies from such fast growing economies are interested in investing here rather than back home," he commented.

Mr Bird added that bids involving listed companies in the UK and buyers from emerging markets were "almost non-existent five years ago".

A recent report from Ernst & Young indicated that the British technology industry is proving attractive for global M&A activity, with 44 deals recorded in the third quarter.

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Categories: Commercial


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