UK companies' expenditure on acquisitions abroad reached their highest point since the first quarter of 2009 in the second quarter of 2010 according to the latest statistical bulletin from the ONS. The figure of £1.4bn is still well below earlier levels. Acquisitions in the UK by foreign companies fell to the lowest level since the second quarter of 2009 from £14.8bn to £2.3bn. Acquisitions of UK companies by UK companies in the UK increased from £1.3bn in Q1 to £1.9bn in Q2 2010.
There were 22 overseas acquisitions with values of over £1m by UK companies. There were 7 disposals of overseas companies for a total of £2.3bn in Q2 2010. Acquisitions of UK companies with values over £1m by foreign companies totalled 30. There were 10 disposals of UK companies by foreign companies with a total value of £1.3bn. In the UK, there were 66 acquisitions of companies with values over £1m by UK companies. They included 47 acquisitions of independent companies and 19 transactions involving subsidiaries.
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