In the Chinese oil & gas industry, there were 16 M&A deals announced in Q4 2023, worth a total value of $692.1m, according to GlobalData’s Deals Database. The $239.4m minority acquisition of Shandong Dongyue Polymers by Macrolink was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for 2023 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
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In value terms, M&A activity in China decreased by 42% in Q4 2023 compared with the previous quarter’s total of $1.2bn and fell by 4% as compared to Q4 2022. Related deal volume decreased by 38% in Q4 2023 versus the previous quarter and was 33% lower than in Q4 2022.
The top-ranked legal advisorss supporting these M&A deals in China Q4 2023 were Dentons UK and Middle East with 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
