Top 5 Announced China Outbound Deals

The first new BMW Z4 Roadster came off the assembly lines of Magna Steyr in Graz.

The BMW Engineering division is expanding its network and has acquired the company IKK Group in Graz.

The Tyrolian mobile payment startup Bluecode secured EUR 11 million in growth capital in a round of financing, after having announced a cooperation agreement with Alipay, the world’s largest provider of mobile payment service.

German Lohmann, one of the top adhesive solution providers globally, opened its first Turkish manufacturing facility in the Gebze Plastikçiler Organized Industrial Zone.

Top 5 Announced China Outbound Deals

Outbound M&A activities in China remained weak last month with USD 4.8bn in deal value, a slight increase over September (USD 4.5bn), but 38% down from October 2017 (USD 7.8bn).

Germany’s BMW (BMWG.DE) said it will take majority control of its main China joint venture for $4.2 billion, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.