China seen leading energy M&A surge by JP Morgan

China to lead energy M&A surge: JP Morgan M&A head

Hernan Cristerna, global co-head of M&A for the US bank, told FinanceAsia that Chinese buyers are likely to buy assets at a time of low valuations.

China’s big commodity companies could instigate another round of global mergers and acquisitions to help meet the country’s long-term objectives at a time of market weakness, said Hernan Cristerna, JP Morgan’s global co-head of MA.

Speaking to FinanceAsia during a visit to Hong Kong, Cristerna predicted a “continued increase” in MA in 2016 over the record $1.27 trillion-worth of deals seen in the Asia-Pacific region last year, according to data provider Dealogic.

He said he believes Chinese state-owned enterprises in particular are likely to initiate consolidation in the oil and gas sector after two quiet years.

“The sector we are...

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