In the Asia-Pacific oil & gas industry, there were 127 M&A deals announced in Q1 2023, worth a total value of $11.3bn, according to GlobalData’s Deals Database. The $3.6bn minority acquisition of rongsheng petrochemical by saudi arabian oil was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Asia-Pacific decreased by 40% in Q1 2023 compared with the previous quarter’s total of $18.7bn and rose by 328% as compared to Q1 2022. Related deal volume increased by 2% in Q1 2023 versus the previous quarter and was 37% higher than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in Q1 2023 were Deloitte Touche Tohmatsu; Groupe BPCE; HDFC Bank with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific Q1 2023 were Gilbert and Tobin; Herbert Smith Freehills; Jones Day with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.
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