A total of 117 Mergers & Acquisitions (M&A) deals (pending and completed) were announced in the Chemicals of the Asia-Pacific region, in the last twelve months resulting in a total deal value of over $7,214.2 million. In the LTM period, July 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $2,689.8 million, resulting in an average deal value of $224.2 million during that month. On the other hand, the month of September 2021 was the most prolific in terms of deal volume, recording a total of 16 deals, resulting in an average deal value of $14.1 million during that month.
Of the 117 deals, the deal secured between China Aluminum New Materials Co Ltd and China Aluminum Zhongzhou Aluminum Co Ltd; Chinalco Shandong Co Ltd, was the largest M&A deal in the Asia-Pacific Chemicals sector, which was valued at $1,566.5 million and was completed on May 30, 2022. The second-largest deal was between Thai Oil Public Co Ltd and PT Chandra Asri Petrochemical Tbk, while the third-largest deal was between Hanwha Energy Corp; Hanwha Solutions Corp and General Chemical Co., Ltd. The Thai Oil Public Co Ltd-PT Chandra Asri Petrochemical Tbk deal and the Hanwha Energy Corp; Hanwha Solutions Corp-General Chemical Co., Ltd deal were valued at $1,180.0 million and $722.5 million, respectively. The fourth-largest deal was between CNSIG Inner Mongolia Chemical Industry Co Ltd-Qinghai Fatou Alkali Industry Co., Ltd. valued at $435.3 million, whereas the deal between Inner Mongolia Yitai Coal Co Ltd-Inner Mongolia Yitai Chemical Co., Ltd valued at $323.1 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $4,227.4 million and accounted for nearly 58.60% of the total deals (by value) announced during the last twelve months. The Asia-Pacific region accounted for 12.99% of the total M&A deals done globally, and accounted for 9.14% of the total deal size on a global scale.
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