Middle East and Africa’s oil and gas industry saw a rise of 33.3% in overall deal activity during Q4 2020.
According to GlobalData’s deals database a total of 52 deals worth $4.7 billion (€3.9 billion) were announced for the region during the fourth quarter, against the last four-quarter average of 39 deals.
Of all the deal types, mergers and acquisitions (M&A) saw the most activity in Q4 with 51, representing a 98.1% share for the region.
In second place was private equity with one deals capturing a 1.9% of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil and gas industry with $4.67bn, followed by private equity deals totalled $30 million (€24.8 million).
The top five oil and gas deals accounted for 77.3% of the overall value during Q4 2020.
The combined value of the top five oil and gas deals stood at $3.63 billion (€3 billion), against the overall value of $4.7 billion (€3.9 billion), recorded for the quarter.
The top five oil and gas industry deals of Q4 2020 tracked by GlobalData were:
1. Abu Dhabi Developmental Holding Company and Abu Dhabi Retirement Pensions and Benefits Fund’s $2.1 billion (€1.7 billion) acquisition of ADNOC Gas Pipelines HoldCo
2. The $540 million (446 million) acquisition of MISR Fertilizer Production Co by Government of Egypt
3. Energean’s $405 million (€334 million) acquisition of Energean Israel
4. The $348 million (€287 million) acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings
5 IPR Energy Resources’ asset transaction with Dana Gas for $236 million (€195 million).
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