Gas and oil merger and acquisition deals struck in the first quarter reached a record-setting $39 billion worth of transactions, according to reports.
According to reports, that value is up 75 percent from M&A deals in the same quarter in 2013.
The data was aggregated by energy, metals and mining commercial intelligence provider Wood Mackenzie, which also found that acquisition spending in North America was at its highest level since 2012’s Q4.
The US along saw $20.4 billion worth of deals.
Full content: Business Day Online
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