Analysis of recent M&A transactions
On September 6, 2016, Enbridge Inc. and Spectra Energy Corp. have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction, valuing Spectra Energy common stock at approximately $28 bn Companies Overview Enbridge Inc. Enbridge Inc. is one of the leading North America energy distribution companies. … Continue reading Enbridge Inc. and Spectra Energy Corp. merge to create a North America gas infrastructure giant
On December 18th Enel announced an agreement with EPH for the sale of its 66% stake in the Slovak subsidiary Slovenské Elektrárne. Discussions are still ongoing about the possible purchase of a 17% stake by the Slovak Government to maintain the control of the company, the first electricity producer and distributor in Slovakia. Companies overview … Continue reading From Bratislava with Love: Slovak nuclear on sale
Industry Overview The oil and gas industry is facing high market volatility due to geopolitical instability. Companies struggle to lock in new demand in a sector where oversupply is a big issue. The plunge in crude prices is leading big energy groups to cut their spending in order to make their business more sustainable. New … Continue reading Gas: buy or build?
Gazprom and BASF have agreed to complete the swap of assets with equivalent value signed in December 2013. Industry Overview Gazprom is the largest Russian energy company. Gazprom’s major business lines are geological exploration, production, transportation and sale of gas within the Russian Federation and abroad. The company is also engaged in oil production, refining … Continue reading BASF – GAZPROM GAS ASSET SWAP
On the morning of the 8th of April 2015 the acquisition of BG Group by the Anglo-Dutch oil giant Royall Dutch Shell was announced. It is considered to be the most expensive oil and gas deal in the past decade with an estimated value of around £47.0 billion ($70billion U.S. dollar). Structure of the Deal … Continue reading SHELL-BG, A NEW WAVE OF OIL M&A IS COMING?
July 2014 represented one of the most important turnaround points in the oil business in the last decade. An apparently trifling event as the reopening of the Libya’s ports and wells transformed significantly the market. According to the numbers, it was meaningless because Libya’s production jumped from 250’000 bpd to 900’000 bpd over the next … Continue reading OIL: A SHORT STORY
On November 17, 2014 Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) announced a definitive agreement under which Halliburton – the No.2 biggest oilfield services provider – is going to acquire all the outstanding shares of Baker Hughes – No.3 in the same industry - in a $34.6 billion stock and cash transaction. … Continue reading BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES
Bocconi Students M&A Circle 
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