By John Weeks
In what might be termed “fusion finance”, a Chinese private equity company, Hony Capital, has purchased UK restaurant chain Pizza Express for £900m last month.
The roll call of British companies with partial Chinese ownership includes several household names such as Barclay’s Bank (Chinese capital holds 3%), BP (if you consider it British, 1%) and Thames Water (9%).
Over the past six years, Chinese companies raked in a net US$130 billion in assets through mergers and acquisitions (M&A in the jargon), and the Pizza Express deal is just a tiny slice of this.
Chinese companies have been able to buy up these foreign assets due to the country’s massive export surplus.
Read more here: Business Spectator