Global power deals total $25.9bn in Q4 2020
State Grid International Development’s $4.88bn acquisition of Compania General de Electricidad was the power industry’s biggest cross border deal of Q4 2020 as cross border deals worth $25.9bn were announced globally in the quarter, according to GlobalData’s deals database.
The value marked an increase of 109.04% over the previous quarter and a rise of 97.9% when compared with the last four-quarter average of $13.09bn.
In terms of number of cross border deals, the sector saw a rise of 38.93% over the last four-quarter average with 207 deals against the average of 149 deals. In value terms, Europe led the activity with cross border deals worth $11.21bn.
Power industry cross border deals in Q4 2020: Top deals
The top five power industry cross border deals accounted for 48.4% of the overall value during Q4 2020. The combined value of the top five cross border deals stood at $12.54bn, against the overall value of $25.9bn recorded for the quarter.
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