In the European oil & gas industry, there were 78 M&A deals announced in Q2 2023, worth a total value of $11.9bn, according to GlobalData’s Deals Database. The $2.8bn acquisition of eg group by asda stores was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Europe increased by 61% in Q2 2023 compared with the previous quarter’s total of $7.4bn and rose by 20% as compared to Q2 2022. Related deal volume decreased by 20% in Q2 2023 versus the previous quarter and was 32% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Europe in Q2 2023 were Rothschild & Co; Jefferies Financial Group; ABG Sundal Collier Holding with 6, 3, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Europe Q2 2023 were CMS Legal Services EEIG; Allen & Overy; Addleshaw Goddard with 9, 4, 3 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.