![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2019/03/deals_1-1.jpg)
Total oil & gas industry cross border M&A deals worth $5.25bn were announced in Europe in December 2020, led by PPG Industries‘ $1.52bn acquisition of Tikkurila, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
The value marked an increase of 1375.7% over the previous month of $355.77m and a rise of 390.7% when compared with the last 12-month average of $1.07bn.
Europe held a 31.82% share of the global oil & gas industry cross border M&A deal value that totalled $16.5bn in December 2020. With a 10.85% share and deals worth $1.79bn, Denmark was the top country in Europe’s cross border M&A deal value across oil & gas industry.
In terms of cross border M&A deal activity, Europe recorded 22 deals during December 2020, marking an increase of 69.23% over the previous month and a rise of 15.79% over the 12-month average. The UK recorded seven deals during the month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEurope oil & gas industry cross border M&A deals in December 2020: Top deals
The top five oil & gas industry cross border M&A deals accounted for 87.6% of the overall value during December 2020.
The combined value of the top five oil & gas cross border deals stood at $4.6bn, against the overall value of $5.25bn recorded for the month.
The top five oil & gas industry cross border M&A deals of December 2020 tracked by GlobalData were:
1) PPG Industries’ $1.52bn acquisition of Tikkurila
2) The $1.36bn asset transaction with Arkema by Trinseo
3) EG Group’s $745.66m asset transaction with OMV
4) The $550m acquisition of KrasGeoNac by Equinor
5) China Development Bank Financial Leasing’s asset transaction with Maersk Product Tankers for $422m.