Analysis of the key themes driving M&A activity reveals that hydrogen accounted for 5 oil & gas deals announced in Q2 2024, worth a total value of $97.2m. The $95.4m minority acquisition of Guangxi Huayi Chlor-alkali Chemical Industry by Shanghai Chlor-Alkali Chemical was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q2 2024 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.
In value terms, hydrogen-related deal activity decreased by 73% in Q2 2024 compared with the previous quarter’s total of $359m. Related deal volume increased by 150% in Q2 2024 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Chiomenti Studio Legale; Cuatrecasas, Goncalves Pereira; Herbert Smith Freehills with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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