Total power industry M&A deals worth $12.7bn were announced in Asia-Pacific in June 2022, led by TotalEnergies‘ $12.5bn acquisition of 25% stake in Adani New Industries, according to GlobalData’s deals database.

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The value marked an increase of 731.4% over the previous month of $1.53bn and a rise of 412.9% when compared with the last 12-month average of $2.48bn.

Asia-Pacific held a 94.36% share of the global power industry M&A deal value that totalled $13.48bn in June 2022. With a 92.80% share and deals worth $12.51bn, India was the top country in Asia-Pacific’s M&A deal value across power industry.

In terms of M&A deal activity, Asia-Pacific recorded 26 deals during June 2022, marking an increase of 85.71% over the previous month and a rise of 18.18% over the 12-month average. China recorded nine deals during the month.

Asia-Pacific power industry M&A deals in June 2022: Top deals

The top five power industry M&A deals accounted for 99.7% of the overall value during June 2022.

The combined value of the top five power deals stood at $12.67bn, against the overall value of $12.7bn recorded for the month.

The top five power industry M&A deals of June 2022 tracked by GlobalData were:

1) TotalEnergies $12.5bn acquisition deal for 25% stake in Adani New Industries

2) The $84.31m acquisition of 15.2% stake in Suzhou Thvow Technology by Shanghai Electric Holding Group

3) Samsung Engineering $41m acquisition deal for 25% stake in Dong Nai Plastic Water

4) The $29.74m acquisition of CGN (Hubei) Integrated Energy ServicesLimited by CGN Wind Power

5) VNTR XXI $18.72m acquisition deal for 15%  stake in One Stop Warehouse