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  1. Deals Analysis
August 29, 2022

Oil & Gas industry M&A deals total $3.4bn in Asia-Pacific in July 2022

By Carmen

Total oil & gas industry M&A deals worth $3.4bn were announced in Asia-Pacific in July 2022, led by Ineos Group’s $1.56bn acquisition of 50% stake in Shanghai SECCO Petrochemical, according to GlobalData’s deals database.

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The value marked an increase of 478.3% over the previous month of $586.23m and a rise of 184.9% when compared with the last 12-month average of $1.19bn.

Asia-Pacific held a 37.46% share of the global oil & gas industry M&A deal value that totalled $9.05bn in July 2022. With a 33.59% share and deals worth $3.04bn, China was the top country in Asia-Pacific’s M&A deal value across oil & gas industry.

In terms of M&A deal activity, Asia-Pacific recorded 20 deals during July 2022, marking a decrease of 28.57% over the previous month and a flat growth over the 12-month average. China recorded 11 deals during the month.

Asia-Pacific oil & gas industry M&A deals in July 2022: Top deals

The top five oil & gas industry M&A deals accounted for 97.2% of the overall value during July 2022.

The combined value of the top five oil & gas deals stood at $3.3bn, against the overall value of $3.4bn recorded for the month.

The top five oil & gas industry M&A deals of July 2022 tracked by GlobalData were:

1) Ineos Group $1.56bn acquisition deal for 50% stake in Shanghai SECCO Petrochemical

2) The $690.21m acquisition of 49% stake in Hefei Gas Group by China Resources Gas Investment (China)

3) China Petroleum & Chemical $631m acquisition deal for 50% stake in INEOS Styrolution Advanced Materials (Ningbo)

4) The $339.18m acquisition of 68% stake in Handsome Chemical Development by PAGAC Heisenberg Holding II

5) Xinyangfeng Agricultural Technology $79.78m acquisition deal with Baokang Zhuyuangou Mining

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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.

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