M'SIAN FIRMS ACQUIRING US CORPORATE ASSETS, SAYS KPMG LLP

From Manik Mehta

NEW YORK, Sept 1 (Bernama) -- Malaysian companies are among entities from
emerging economies buying corporate assets in the United States in the first
half of this year.

US companies are the most popular targets for acquisitions by emerging and
high-growth market companies in the first half of 2010, according to KPMG LLP, a
global audit, tax and advisory firm providing services to US-based companies in
their pursuit for outbound investment opportunities in high-growth and emerging
markets.

Activities by emerging market companies aimed at developed economies jumped 25
per cent over the year-earlier period.

The KPMG International’s latest “Emerging Markets International Acquisition
Tracker” (EMIAT) study reveals that in the first six months of 2010, emerging
and high-growth market companies acquired 54 US companies, while Chinese firms
were the leading emerging and high-growth market targets for US companies.

Companies in the emerging and high-growth markets made 243 acquisitions in
developed economies in the first six months of 2010, up from 194 in the
year-earlier period, according to the KPMG study which tracked completed deals
in which the acquiring company took at least a five per cent shareholding
interest.

India was the top acquirer in emerging-to-developed (E2D) deals in the study,
bagging 50 acquisitions in the first half of 2010.

India was followed by Southeast Asia (47), China (39), Malaysia (30) and Central
America and the Caribbean (17) in the same period.

In the second half of 2009, the top high-growth market acquirers of
companies in developed economies were Southeast Asia (34), China (30), Malaysia
(26), India (21), and Russia (20), according to the KPMG study.
-- BERNAMA




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