普华永道：2020年中国能源行业并购活动回顾与展望报告（英文版）（29页）.pdf

1、0June 2021Review and outlook of M&A activities in Chinas energy industry in 2020Low-carbon, diversified, and responsible investmentSource of dataThe data presented in this section is based on information collected from data Thompson Reuters, Mergermarket, CVSource, PE Data, public news and PwCanalys

2、is unless stated otherwise.The deal volume and valueThe deal volume figures presented in this report refer to the number of deals disclosed, regardless of whether or not the corresponding deal value is disclosed.The deals mentioned in this report include those with a transaction size that is publicl

3、y disclosed in detail. Values are rounded off; Lack of detailed information about transaction size may affect the completeness of this analysis. For transaction size disclosed in the form of divisors shown in the table below, we used the corresponding rounded figures in our calculation and analysis.

4、The values in the report are presented in RMB billion unless stated otherwise. In order to excluded foreign exchange impact, deal values are adjusted to the RMB mid-market exchange rate announced by the Bank of China on the deal announcement dates.Investment typesAccording to direction of capital fl

5、ows, we divided deals into domestic, out-bound and in-bound deals. “Domestic” means the investor and the investee are both located in Mainland China, Hong Kong or Macao “Outbound” relates to Chinese investors, including Hong Kong and Macau, investing in overseas targets “Inbound” related to overseas

6、 investors investing in targets located in Mainland China, Hong Kong or MacaoDisclosed fund raising amount:Converted amount（RMB）Hundreds of thousands500,000Nearly a million1,000,000A few millions5,000,000Nearly 10 millions10,000,000Tens of millions50,000,000Nearly a hundred of millions100,000,000Hun