Total oil & gas industry M&A deals worth $1bn were announced in Europe in June 2021, led by Element Solutions’ $511.16m acquisition of Coventya, according to GlobalData’s deals database.
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The value marked a decrease of 28.7% over the previous month of $1.43bn and a drop of 40.4% when compared with the last 12-month average of $1.71bn.
Europe held a 4.12% share of the global oil & gas industry M&A deal value that totalled $24.74bn in June 2021. With a 2.15% share and deals worth $532.94m, France was the top country in Europe’s M&A deal value across oil & gas industry.
In terms of M&A deal activity, Europe recorded 22 deals during June 2021, marking an increase of 22.22% over the previous month and a rise of 10.00% over the 12-month average. France recorded four deals during the month.
Europe oil & gas industry M&A deals in June 2021: Top deals
The top five oil & gas industry M&A deals accounted for 100% of the overall value during June 2021.
The combined value of the top five oil & gas deals stood at $1.02bn, against the overall value of $1.02bn recorded for the month.
The top five oil & gas industry M&A deals of June 2021 tracked by GlobalData were:
1) Element Solutions’ $511.16m acquisition of Coventya
2) The $392.83m acquisition of 92.25% stake In OMV Slovenija by MOL
3) Tatneft’s $88.49m acquisition of Ekopet
4) The $21.78m acquisition of 37.29% stake in Carbiolice by Carbios
5) San Leon Energy’s acquisition of 1.323% stake in Energy Link Infrastructure (Malta) for $2m.
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.