Global report for the power sector has revealed that total power industry deals for Q4 2019 were worth $44.83 billion.
In a statement, released by GlobalData, it said the power sector witnessed an increase of 109.3% over the previous quarter and a rise of 39.1% when compared with the last four-quarter average of $32.24 billion.
In terms of number of deals, the sector saw a rise of 9.5% over the last four-quarter average with 507 deals against the average of 463 deals.
In value terms, Europe led the activity with deals worth $19.06 billion.
The top five power deals accounted for 44.9% of the overall value during Q4 2019.
The combined value of the top five power deals stood at $20.11 billion, against the overall value of $44.83 billion recorded for the month.
The top five power industry deals of Q4 2019 tracked by GlobalData were:
- Canada Pension Plan Investment Board’s $6.1 billion private equity deal with Pattern Energy Group
- The $4.52 billion acquisition of Anixter International by WESCO International
- Chubu Electric PowerInc and Mitsubishi’s $4.52 billion acquisition of Eneco Holding
- The $2.53 billion acquisition of Uniper by Fortum
- Credit Agricole Assurances, Engie and Mirova’s asset transaction with Energias de Portugal for $2.45 billion.
Source:www.energynewsafrica.com
