China Petroleum & Chemical Corp - SINOPEC : Addax Petroleum Dealogic Deal # : 627331
Data as of : 6/24/2009
Target Acquiror
Dates & Values
Addax Petroleum China Petroleum & Chemical Corp - SINOPEC
Target: 100 % stake Buying: 100 % stake Rumored 8-Jun-09 Deal Value $m 8,943.8
TR AXC 157 m shares outstanding Public (Listed) Announced 24-Jun-09 Value ex Debt $m 7,229.4
Switzerland China
Oil & Gas Oil & Gas Expected 3Q 2009 Consideration
RBC Capital Markets | Advisor Credit Suisse | Advisor Completed -
RBC Capital Markets | Fairness Opinion Stikeman Elliott | Attorney
Fasken Martineau DuMoulin | Attorney Vinson & Elkins | Attorney Withdrawn -
Osler Hoskin & Harcourt | Attorney
Termination Fee, Target $m tbd
Termination Fee, Acquiror $m 262.329
Financials 31-Dec-08
Balance Sheet Debt/Equity: 1.2
Timeline Events Premiums & Multiples
Initial Offer $52.80
Current Offer $46.17
Income Statement
Cash Flows
Operations $m 1,626
Profitability
Profit Margin 56%
Return on Equity 32%
League Table Impact Sector Trend
2009 YTD Announced Global M&A by Deal Value, $bn Monthly Announced Global M&A, $bn: Oil & Gas
1 Morgan Stanley 319.0
2 Goldman Sachs 314.9
3 JPMorgan 273.0
4 Citi 244.0
5 BOA Merrill Lynch 198.9
6 Deutsche Bank 145.2
7 Lazard 134.1
8 Credit Suisse 130.3
9 UBS 113.2
10 Barclays Capital 108.7
14 RBC Capital 37.7
2009 Dealogic. All rights reserved.