With 221 deals in the second quarter of 2021, construction sector achieved more than double the 98 transactions of the corresponding quarter of the previous year.
The value of transactions, which reached $ 169.6 billion in the second quarter of 2021, is by far the highest value ever recorded for the industry, surpassing the previous high of $ 52.9 billion in the second quarter of 2014.
The reason for this impressive development is the $ 111.5 billion merger deal between two Chinese infrastructure companies, Sichuan Railway Investment Group and Sichuan Transportation Investment Group.
Following the transaction, the two state-owned companies will merge to form the Shudao Investment Group.
