Europe’s oil & gas industry saw a rise of 4.76% in cross border deal activity during December 2020

19 January 2021 (Last Updated February 12th, 2021 07:37)

Europe’s oil & gas industry saw a rise of 4.76% in cross border deal activity during December 2020, when compared with the last 12-month average, led by PPG Industries’ $1.52bn acquisition of Tikkurila, according to GlobalData’s deals database.

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A total of 22 oil & gas industry cross border deals worth $5.25bn were announced for the region in December 2020, against the 12-month average of 21 deals.

Of all the deal types, M&A saw most activity in December 2020 with 22 transactions, representing a 100% share for the region.

In second place was with deals, followed by deals with transactions, respectively capturing a % and % share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Europe’s oil & gas industry with $5.25bn, while and deals totalled and , respectively.

Europe oil & gas industry cross border deals in December 2020: Top deals

The top five oil & gas cross border deals accounted for 87.6% of the overall value during December 2020.

The combined value of the top five oil & gas cross border deals stood at $4.6bn, against the overall value of $5.25bn recorded for the month.

The top five oil & gas industry cross border deals of December 2020 tracked by GlobalData were:

1) PPG Industries’ $1.52bn acquisition of Tikkurila

2) The $1.36bn asset transaction deal with Arkema by Trinseo

3) EG Group’s $745.66m asset transaction with OMV

4) The $550m acquisition of KrasGeoNac by Equinor

5) China Development Bank Financial Leasing’s asset transaction with Maersk Product Tankers for $422m.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.