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

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.

 

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.