| In recent years,the environmental protection industry has gradually been valued by the capital market due to the dividends brought about by national policies and the tilt and sinking of social resources.For enterprises,mergers and acquisitions can absorb a large amount of funds and strengthen their own strength,but the financial risks associated with mergers and acquisitions also need to be paid attention to.The lack of risk response measures in mergers and acquisitions will inevitably cause companies to lose to varying degrees.In 2018,Infore Environment’s acquired Zoomlion Environment for 15.25 billion yuan,which is a representative M&A case in the domestic environmental protection market.Research on the identification,evaluation and control of financial risks related to Infore Environment’s acquisition of Zoomlion Environment can provide reference for companies of the same type.The current development opportunities and challenges of the environmental protection industry coexist.This article first takes the development status of the environmental protection industry as the background,combs the research status of domestic and foreign scholars on the financial risk of mergers and acquisitions,and introduces the definition and types of corporate mergers and acquisitions,and the definition and types of financial risks of mergers and acquisitions.And related theoretical basis;then take Infore Environment’s acquisition of Zoomlion Environment as an example,first introduce the background,motivation and process of the merger and acquisition,and then identify the pricing risk,financing risk,payment risk and integration risk in the merger and acquisition activities,and use level analysis Method and fuzzy comprehensive evaluation method are combined to evaluate the risk.Finally,combined with the case,put forward various financial risk response measures for the current situation of China’s environmental protection industry mergers and acquisitions.It is believed that the acquirer can carefully investigate the asset quality of the target company,select an authoritative evaluation agency,and use scientific evaluation methods to deal with pricing risks;through optimization Financing structure and broadening financing channels to deal with financing risks;by choosing diversified payment methods and formulating reasonable payment plans to deal with payment risks;by formulating financial integration plans,strengthening business integration,focusing on core technology integration and focusing on human resources integration to respond to integration risks. |
