Total oil & gas industry M&A deals worth $934m 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 a decrease of 77.4% over the previous month of $4.14bn and a drop of 67.2% when compared with the last 12-month average of $2.85bn.
Europe held a 6.10% share of the global oil & gas industry M&A deal value that totalled $15.32bn in April 2021. With a 2.82% share and deals worth $432.2m, the UK was the top country in Europe’s M&A deal value across oil & gas industry.
In terms of M&A deal activity, Europe recorded 34 deals during April 2021, marking a decrease of 30.61% over the previous month and a drop of 5.56% over the 12-month average. The UK recorded ten deals during the month.
Europe oil & gas industry M&A deals in April 2021: Top deals
The top five oil & gas industry M&A deals accounted for 79.7% of the overall value during April 2021.
The combined value of the top five oil & gas deals stood at $744.52m, against the overall value of $934m recorded for the month.
The top five oil & gas industry M&A deals of April 2021 tracked by GlobalData were:
1) The $389.92m merger of Navigator Holdings and Ultragas
2) The $127.5m asset transaction with Tiger Moth by Shearwater GeoServices Holding
3) State Oilof the Azerbaijan Republic’s $120m asset transaction with Okeanis Eco Tankers
4) The $57.1m acquisition of Union De IndustriasS.A. by Hexpol
5) Shearwater GeoServices Holding’s asset transaction with Tiger Moth for $50m.