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

Published by , Senior Editor
World Pipelines,

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:

  • PPG Industries’ US$1.52 billion acquisition of Tikkurila.
  • The US$1.42 billion private equity deal with Galp Gas Natural Distribuicao by Allianz Capital Partners.
  • Trinseo’s US$1.36 billion asset transaction with Arkema.
  • The US$745.66 million asset transaction deal with OMV by EG Group.
  • Equinor’s acquisition of KrasGeoNac for US$550 million.


For more news and technical articles from the oil and gas pipeline industry, read the latest issue of World Pipelines magazine.

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.

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