Oil & Gas industry cross border M&A deals total $5.25bn in Europe in December 2020

19 January 2021 (Last Updated February 12th, 2021 07:38)

Total oil & gas industry cross border M&A deals worth $5.25bn were announced in Europe in December 2020, led by PPG Industries’ $1.52bn acquisition of Tikkurila, according to GlobalData’s deals database.

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The value marked an increase of 1375.7% over the previous month of $355.77m and a rise of 390.7% when compared with the last 12-month average of $1.07bn.

Europe held a 31.82% share of the global oil & gas industry cross border M&A deal value that totalled $16.5bn in December 2020. With a 10.85% share and deals worth $1.79bn, Denmark was the top country in Europe’s cross border M&A deal value across oil & gas industry.

In terms of cross border M&A deal activity, Europe recorded 22 deals during December 2020, marking an increase of 69.23% over the previous month and a rise of 15.79% over the 12-month average. The UK recorded seven deals during the month.

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

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

1) PPG Industries’ $1.52bn acquisition of Tikkurila

2) The $1.36bn asset transaction 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.