23.02.2010 - Asian M&A makes a comeback
From WSJ: China's US$300 billion sovereign-wealth fund, China Investment Corp., announced more than US$8.15 billion of acquisitions last year, including a 15.8% stake in AES of the U.S. for US$1.58 billion, 17.2% of Canada's Teck Resources for US$1.5 billion and the US$856 million purchase of a 15% stake in Singapore-listed Noble Group. "We'll see further China-into-Australia deals" centered on metals, mining, oil and natural gas, said Matt Hanning, UBS joint head of Asia M&A. "This will probably play into Canada as well."...........................Full Article: Source