Risk Management On The M & A Of Chinese Petroleum Enterprises In The Era Of After Crisis

Accompanying with the recovery of world economy, the price of the energy resources rebounded from the bottom, and the value of enterprises increased regularly. Both factors accelerate the increasing of price on M&A. Moreover, the protectionism appeared again, and governments interposed in the process of M&A more and more. In china, easy monetary policy which supported the Chinese M&A was taken place by tight monetary policy, and both the cost and the difficulty of M&A increased as response. The opportunity of financial crisis would disappear soon. But the debt crisis of Europe and the depression of America still gave Chinese petroleum enterprises to catch the tail of financial crisis. After experiencing too many M&A failure, from the evaluating the objectives to the integration of both enterprises, Chinese enterprises started to own skill and methods to manage the risk of M&A.This essay is written at the age of after financial crisis, based on the reality of Chinese petroleum, and guided by the theory of Bruner's Disaster. Qualitative analysis and quantitative analysis are used as the writing method to comment and measure the current risk of M&A. At last, some effective measurements are given from the perspective of government and enterprises. The case of SINOPEC merging Addax is used as the positive analysis. The goal of this essay is offering some guidance to petroleum enterprises of china.