Analysis of recent M&A transactions
INTRODUCTION The energy industry is one of the most critical sectors in the world and has a significant impact on the global economy. It is an essential component of most economic activities and plays a vital role in producing, transporting, and consuming most goods and services. The industry is also known for its complexity, which … Continue reading RWE AG ACQUIRES CON EDISON CLEAN ENERGY BUSINESS INC. TO BECOME ONE OF THE LEADING RENEWABLE ENERGY COMPANIES IN THE US
Introduction Premier Oil Plc is going to be acquired by Chrysaor Holdings Ltd via a reverse takeover. The resulting entity will be the largest listed independent oil and gas company in the UK North Sea, pumping 250,000+ barrels of oil equivalent per day. The acquisition represents the start of a new chapter for Premier Oil, one of the biggest legacy independent oil explorers based in the UK. Indeed, … Continue reading CHRYSAOR HOLDINGS LTD – PREMIER OIL PLC
Introduction: On the 21st of March 2020, Canadian Pacific Railway Limited (CP), a Canadian railway company, and Kansas City Southern (KCS), a US railway firm, announced an agreement through which CP will acquire KCS for $29 billion. Through this deal, CP values KCS at $275 per share, representing a 23% increase with respect to KCS … Continue reading CP acquires KCS: the first railway network from Canada to Mexico
Iberdrola, a Spanish electric utility company, has recently announced that it will launch the largest investment programme in Spanish history. The goal of the €75 billion investment plan that will cover the period from 2020 to 2025 is to lead the energy revolution that the world is facing. Additionally, as a demonstration of the group’s goal of achieving economic recovery, the programme will boost industrial development and employment in the countries where the firm competes. This plan also represents the changing attitude of utility … Continue reading Iberdrola: world-leader in the electric utility sector goes green
Introduction: Pioneer Natural Resources Co. will acquire rival Parsley Energy Inc. in an all-stock transaction marking the fourth large acquisition to be announced in the US shale patch since oil prices crashed earlier this year. At the time of the announcement, the equity of Parsley is valued at US$4.5 billion. Its total enterprise value (equity value and net … Continue reading Pioneer Natural Resources to acquire rival Parsley Energy
COMPANIES OVERVIEW Saudi Aramco Saudi Arabia’s Aramco ranks as a global magnate in the oil industry. In 2018, the energy giant listed as the world’s most profitable company, recording a net income of $111.1bn, running far ahead of other oil companies such as Royal Dutch Shell ($23.9bn) and Exxon Mobil ($20.8bn). The company was founded … Continue reading The giant goes shopping: Saudi Aramco’s $69.1bn acquisition of SABIC
On August 8th, Total announced the acquisition of the Exploration and Production company Maersk Oil & Gas, a wholly owned subsidiary of the Danish transport and logistics company A.P. Møller – Mærsk A/S, in a share and debt transaction. Companies overview Total SA was founded on March 28, 1924 and is headquartered in Courbevoie, France. … Continue reading Total acquires Maersk Oil & gas to reduce Middle-east country exposure
On January 17th, ExxonMobil announced the acquisition of companies owned by the Bass family of Fort Worth, Texas, for un upfront cost of $ 5.6 billion to be paid in ExxonMobil shares. An overview of conventional and shale oil extraction techniques Conventional oil Conventional oil production is usually accomplished through a vertical well and a … Continue reading Here we go, shale oil is back to life
General Electric and Baker Hughes reached a deal for the combination of their oil services business units. General electric will contribute its oil-and-gas business and pay $7.4 billion through a special dividend of $17.50 for each Baker Hughes share. The new company will be 62.5% owned by GE and 37.5% owned by Baker Hughes shareholders. … Continue reading A new giant emerges in the oil services industry: the marriage of Baker Hughes with GE
Bocconi Students M&A Circle 
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