Led by Energean’s $405 million acquisition of Energean Israel, Middle East and Africa’s oil & gas industry saw a rise of 6.45% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 33 cross border deals worth $1.69 billion were announced for the region during Q4 2020, against the last four-quarter average of 31 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 32, representing a 96.9% share for the region.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.