China carries on with its European buying spree

Chinese outbound deal activity continues apace in 2018. So far this year, announced deals involving Chinese acquirors have totalled over USD 50bn and today has seen another deal announced by a Chinese company that will no doubt attract scepticism from European financial media.

Sainsbury’s is “being good to itself” with its proposed acquisition of Asda

The recent announcement that Sainsbury’s has tabled a USD 10bn offer for Asda, the UK supermarket chain owned by US retailing behemoth Walmart, brought back memories of Morrisons USD 7bn takeover of Safeway over 14 years ago, back in 2004.