Asian firms spearhead new wave of Canadian M&A
Develop strategic relations – or miss out on investment
ASIAN investors, led by China, will dominate mergers and acquisitions (M&A) activity in the Canadian petroleum industry this year, says Calgary-based law firm Blake, Cassels & Graydon. Of the more than 100 corporate executives and investment bankers interviewed for a Blake study, 36% believe natural gas will be the most active M&A sector, followed by oil (both conventional and unconventional) at 32% and the oil sands at 16%. The study found that 56% of respondents expect most deals will be driven from the Asia-Pacific region and 33% from the US. Michael Laffin, a Blake partner, said Asia’s predicted role should prompt Canadian companies and the government to “consider the best me
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