South and Central America’s oil & gas industry cross border deal activity in Q1 2021
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South and Central America’s oil & gas industry saw a drop of 29.93% in cross border deal activity in Q1 2021

11 May 2021 (Last Updated May 11th, 2021 18:57)

Led by $3.1bn acquisition of Hygo Energy Transition, South and Central America’s oil & gas industry saw a drop of 29.93% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 24 cross border deals worth $5.77bn were announced for the region during Q1 2021, against the last four-quarter average of 34.25 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 24 deals, representing a 100% share for the region.

In terms of value of cross border deals, M&A was the leading category in South and Central America’s oil & gas industry with $5.77bn.

South and Central America oil & gas industry cross border deals in Q1 2021: Top deals

The top five oil & gas cross border deals accounted for a 96.6% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $5.57bn, against the overall value of $5.77bn recorded for the quarter.

The top five oil & gas industry cross border deals of Q1 2021 tracked by GlobalData were:

1) New Fortress Energy’s $3.1bn acquisition of 100% stake in Hygo Energy Transition

2) The $1.9bn acquisition of 100% stake in Golar LNG Partners by New Fortress Energy

3) ICL Group’s $400.61m acquisition of Compass Minerals America Do Sul Industria E Comercio

4) The $132.13m asset transaction deal with Team Tankers Deep Sea by Torm

5) The $38.4m Argent Bloom and Liberty tankers asset transaction deal by EGD Chemical.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.