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  1. Deals Analysis
March 5, 2021

Oil & Gas industry cross border M&A deals total $1.2bn in South and Central America in Q4 2020

By Carmen

Total oil & gas industry cross border M&A deals worth $1.2bn were announced in South and Central America Q4 2020, led by The Carlyle Group ’s $825m asset transaction, according to GlobalData’s deals database.

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The value marked an increase of 63.1% over the previous quarter and a drop of 41.2% when compared with the last four-quarter average of $2.04bn.

South and Central America held a 5.87% share of the global oil & gas industry cross border M&A deal value that totalled $20.43bn in Q4 2020. With a 4.04% share and deals worth $825m, Colombia was the top country in South and Central America’s cross border M&A deal value across oil & gas industry.

In terms of deal activity, South and Central America recorded 26 cross border deals during Q4 2020, marking a decrease of 48.00% over the previous quarter and a drop of 27.78% over the last four-quarter average. Panama recorded 16 deals during the quarter.

South and Central America oil & gas industry cross border M&A deals in Q4 2020: Top deals

The top five oil & gas industry cross border M&A deals accounted for 84.16% of the overall value during Q4 2020.

The combined value of the top five cross border M&A deals stood at $1.01bn, against the overall value of $1.2bn recorded for the quarter.

The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:

1) The Carlyle Group ’s $825m asset transaction with Occidental Petroleum

2) The $61.7m acquisition of Petrobras Uruguay Distribuicion by Disa Corporacion Petrolifera

3) Navios Maritime Partners’ $51m asset transaction with Navios Maritime Holdings

4) The $46m asset transaction with by Neda Maritime Agency

5) PT Soechi Lines’ asset transaction with Mitsui O.S.K. Lines for $23.5m.

Related Companies

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.

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