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.
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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.