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Withdrawn |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