Europe oil and gas: rise in cross border deal activity in 4Q20

  • Mar 01, 2021
  • Energy Global

Led by PPG Industries’ US$1.52 billion acquisition of Tikkurila, Europe’s oil and gas industry saw a rise of 23.73% in cross border deal activity during 4Q20, when compared to the last four-quarter average, according to GlobalData’s deals database.

A total of 73 cross border deals worth US$7.58 billion were announced for the region during 4Q20, against the last four-quarter average of 59 deals.

Of all the deal types, M&A saw most activity in 4Q20 with 69, representing an 94.5% share for the region. In second place was private equity with four deals capturing a 5.5% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, M&A was the leading category in Denmark’s oil and gas industry with US$5.95 billion, followed by private equity deals totalled US$1.42 billion.

The top five oil and gas cross border deals accounted for a 73.8% share of the overall value during 4Q20.

The combined value of the top five cross border deals stood at US$5.6 billion, against the overall value of US$7.58 billion recorded for the quarter.

The top five oil and gas industry cross border deals of 4Q20 tracked by GlobalData were:

World Pipelines’ February 2021 issue

The February 2021 issue of World Pipelines includes: a report on Australasian pipelines; an interesting look at the need to protect pipeline information from the Freedom of Information Act (USA); analysis of Ukraine’s place in the global gas sector; and technical articles on subsea repair, coatings, ILI and SCADA systems.