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  1. Deals Analysis
May 20, 2021

Oil & Gas industry cross border M&A deals total $700.6m in Europe in April 2021

By Carmen

Total oil & gas industry cross border M&A deals worth $700.6m were announced in Europe in April 2021, led by $389.92m merger of Navigator Holdings and Ultragas, according to GlobalData’s deals database.

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The value marked an increase of 32.7% over the previous month of $527.97m and a drop of 65.7% when compared with the last 12-month average of $2.04bn.

Europe held a 24.33% share of the global oil & gas industry cross border M&A deal value that totalled $2.88bn in April 2021. With a 14.77% share and deals worth $425.51m, the UK 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 April 2021, marking a flat growth over the previous month and a rise of 10.00% over the 12-month average. The UK recorded six deals during the month.

Europe oil & gas industry cross border M&A deals in April 2021: Top deals

The top five oil & gas industry cross border M&A deals accounted for 87.4% of the overall value during April 2021.

The combined value of the top five oil & gas cross border deals stood at $612.33m, against the overall value of $700.6m recorded for the month.

The top five oil & gas industry cross border M&A deals of April 2021 tracked by GlobalData were:

1) The $389.92m merger of Navigator Holdings and Ultragas

2) The $120m asset transaction with Okeanis Eco Tankers by State Oilof the Azerbaijan Republic

3) Hexpol’s $57.1m acquisition of Union De IndustriasS.A.

4) The $24m asset transaction with PanGeo Subsea Scotland by Kraken Robotics

5) Archer’s acquisition of DeepWell for $21.31m.

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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