In the Chinese power industry, there were 12 M&A deals announced in Q3 2024, worth a total value of $1.3bn, according to GlobalData’s Deals Database. The $839.3m acquisition of China Petroleum Electric Energy by Daqing Oilfield was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for Q3 2024 uncovers key trends behind the power market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
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In value terms, M&A activity in China decreased by 32% in Q3 2024 compared with the previous quarter’s total of $1.9bn and fell by 58% as compared to Q3 2023. Related deal volume decreased by 48% in Q3 2024 versus the previous quarter and was 71% lower than in Q3 2023.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
