Total oil & gas industry deals worth $20.8bn were announced globally for July 2021, with the $6.5bn acquisition of Atotech Deutschland being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 43.5% over the previous month of $14.52bn and a rise of 6.5% when compared with the last 12-month average of $19.57bn.
In terms of number of deals, the sector saw a drop of 8.11% with 102 deals in July 2021 when compared to the last 12-month average of 111 deals.
In value terms, Europe led the activity with deals worth $14.08bn in July 2021.
oil & gas industry deals in July 2021: Top deals
The top five deals accounted for 72.7% of the overall value during July 2021.
The combined value of the top five deals stood at $15.14bn, against the overall value of $20.8bn recorded for the month.
The top five oil & gas industry deals of July 2021 tracked by GlobalData were:
1) Atotech Deutschland $6.5bn acquisition deal with MKS Instruments
2) The $4.75bn acquisition of Allnex Germany by PTTGC International (Netherlands)
3) GRTgaz $1.99bn acquisition deal for 11.5% stake in Caisse des Depots et Consignations and CNP Assurances
4) The $722.5m acquisition of 20% stake in General Chemical by Hanwha Energy and Hanwha Solutions
5) PT Chandra Asri Petrochemical $1.18bn acquisition deal with Thai Oil Public
Verdict deals analysis methodology
This analysis considers only announced and completed 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.