n AfricaGrowth Agenda - Trends in cross border mergers and acquisitions in Africa

Volume 2012, Issue 1
  • ISSN : 1811-5187


Cross border M&As are a form of foreign direct investment (FDI). FDI comes in two forms; Greenfield investments and cross border mergers and acquisitions (M&As). With Greenfield investments, a foreign investor establishes a new venture in the host country. Cross border M&As occur when a foreign investor purchases or acquires an existing enterprise in the host country. Acquisitions are dominant forming about 97% of cross border M&A activity. Cross-border M&As are a part of economic life in a liberalizing and globalizing world (UNCTAD, 2000). They are an important means through which MNCs create a global presence. Most of the growth in international production in recent times has taken place through cross border M&A activity.

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