Resource Demand Spurs M&A Deal Surge

By Javier Blas and William MacNamara

The rise of China and India has sparked a renewed surge in aggressive dealmaking in the resources sector, with more than $50bn in proposed take­overs this week alone wagering on continued strong commodities demand.

BHP Billiton on Friday tabled formally its $39bn hostile take­over for PotashCorp, the world’s largest listed fertilised producer, ahead of a statement from Sino­chem, the Chinese-state owned chemical group.

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forum4finance (19 July 10)