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  1. Deals Analysis
July 21, 2021

Oil & Gas industry M&A deals total $1bn in Europe in June 2021

By Nikitha Ladda

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.

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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.

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