These are just two examples of how China is buying Europe

For more than a decade, Chinese capital has been buying hundreds of European companies, one after another. Centenary brands, technological leaders, industrial jewels. A map of acquisitions that has changed the ownership of some historic companies.

This is the x-ray of the main European companies that are in Chinese hands, sector by sector.

Automotive

The Swedish and Italian assault. The automobile sector has been one of the main objectives from the beginning.

Technology and robotics

The German jewel. China has targeted strategic technology companies, especially in robotics and engineering.

Agribusiness

The Swiss giant. One of the largest Chinese acquisitions in Europe, and in the world.

Energy and infrastructure

Ports and nuclear. China has invested in strategic energy and port infrastructure assets. In some cases it remained an attempt that did not bear fruit.

Tourism and hospitality

The European tourism and hospitality sector has also attracted Chinese capital:

Luxury goods and fashion

European luxury brands have been another strategic target.

• Lanvin (France): Fosun acquired the French fashion house, one of the oldest haute couture brands in the world, in 2018 for an undisclosed amount. Time after adapted the name of its fashion division.

Telecommunications

A sensitive sector where operations have encountered more resistance. Also in Spain.

Missing? Sectors such as banking, where Chinese acquisitions have been more limited by regulation, and defense, practically shielded. Also the pharmaceutical sector, where they have barely achieved important operations.

The context. This shopping list is a good reflection of the Chinese strategy of the last 15 years:

1. Access to technology.
2. Global brands.
3. And strategic positions in Europe.

But the panorama has changed. Large acquisitions have given way to ground-up investment, especially in electric vehicles, concentrated in countries like Hungary that offer tax advantages and somewhat more regulatory laxity. BYD is a great example. Just like CATL.

turning point. Europe is tightening its surveillance now that China changes tactics. Spectacular purchases have been reducing. Now is the time for new factories, electric cars and a subtler battle for the continent’s industrial future.

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Featured image | Luca Massimilian