PwC releases first quarter insights on global chemicals M&A deals.
Global chemicals M&A activity tapered off in the first quarter of 2017, according to a report released by PwC. Global Chemicals M&A deal value reportedly totaled $19.8 billion this quarter, a 67% and 57% decrease compared to Q1 2016 and Q4 2016, respectively.
There were 28 deals announced this period, a 22% decrease compared to same quarter last year, according to PwC. Average deal size also reportedly decreased 45% from last quarter. DuPont’s asset swap of Crop Protection business with FMC’s Health & Nutrition business was the largest transaction this quarter, representing 18% of the total deal value. PwC reports that seven megadeals accounted for 77% of the total deal value.
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