South Korea’s Mirae Asset Global Investments Co. did not consummate a deal agreed last fall by the April 17 deadline, prompting Dajia to sue. India, Australia and the European Union have increased scrutiny on foreign investment in moves widely viewed as targeting Chinese buyers. “While we do not see any indication of Chinese investors stopping ‘going abroad’, it is completely understandable that they need time to assess.”They may be cautious, but they are not completely averse. Earlier this month, China Three Gorges Corp. agreed to buy 13 Spanish solar park assets owned by X-Elio Energy SL, a renewable energy company co-owned by Brookfield Renewable Partners LP and private equity firm KKR & Co. “Chinese companies, both private and state-owned enterprises, are now taking a much more sophisticated approach both as buyers and also as owners of businesses.”

Source: Economic Times August 25, 2020 02:45 UTC