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.