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国际并购交易中,盈利支付(Earn-out)作为一项能够有效搭建估值差异的工具被经常使用。其在交易完成后或有支付的属性,也容易在运用中带来一定的争议风险。2016年4月底和5月初的12天之内,洛阳栾川钼业集团股份有限公司(以下简称“洛阳钼业”)——这家市值75亿美元的沪港两地上市公司,宣布了两起重大海外矿业并购,交易总额41.5亿美元,收购后,洛阳钼业将跻身世界级矿业公司。
In international M & A transactions, Earn-out is often used as a tool to effectively build valuation differences. After the transaction is completed or paid attributes, but also easy to bring in the use of certain risks of controversy. Luoyang Luanchuan Molybdenum Group Co., Ltd. (hereinafter referred to as “Luoyang Molybdenum Industry”) - the listed company with a market capitalization of US $ 7.5 billion in Shanghai and Hong Kong announced in the end of April 2016 and early May in 12 days Two major overseas mining mergers and acquisitions, the total transaction 4.15 billion US dollars, the acquisition, Luoyang Molybdenum will be among the world-class mining company.