ATC backs corporate finance
The Australian Trade Commission (ATC) has released research that shows the Australian financial market remained strong and well positioned to capatalise on the country’s economic growth.
“This reflects the resilience of Australia’s robust financial markets in the face of continued world capital market volatility. In 2011, Australia’s corporate finance activities – mergers and acquisitions (M&A), equity, syndicated loans, project finance and debt finance – remained among the most active and significant in the world,” the report found.
The report found that M&A activity remained strong despite a easing of US$119 billion after years of consecutive strong growth. Globally, Australia is positioned fourth in gross M&A activity, with a 4.6 per cent global market share.
Australia has seen US$521 billion worth of M&A deals announced over the past five years; this represents the second largest M&A activity in the Asia-Pacific region after China. Australian deals over the past five years represent around 3.7 per cent of the world’s M&A activity and about one fifth of activity in the region.
The report can be downloaded from the Austrade website here