In the Chinese oil & gas industry, there were 22 M&A deals announced in Q2 2023, worth a total value of $1.1bn, according to GlobalData’s Deals Database. The $375m acquisition of tianchen chemical by xinjiang tianye was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in China decreased by 78% in Q2 2023 compared with the previous quarter’s total of $4.9bn and rose by 9% as compared to Q2 2022. Related deal volume decreased by 8% in Q2 2023 versus the previous quarter and was 5% higher than in Q2 2022.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.