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Takeovers of EU companies pick up again

Takeover activity by Chinese investors in Germany and Europe has increased slightly again. In 2021, Chinese companies bought 155 European companies for a total of $12.4 billion, according to a new analysis by management consultants EY. That was 23 more acquisitions than in 2020 – but only half as many as in the takeover boom year of 2016. The biggest deal of the year in Europe was the sale of Philips’ home appliance division in the Netherlands for $4.3 billion to Chinese financial house Hillhouse Capital Group. The UK overtook Germany as the top target for Chinese takeovers for the first time, according to EY. 36 companies passed into Chinese hands.

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