Deal Insight
Fosun enters upstream sector with the acquisition of Roc Oil
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Report summary
Chinese conglomerate Fosun International has agreed to acquire Australia-based Roc Oil for US$384 million (US$441 million cash, including the assumption of a positive net debt position of US$57 million). The deal comes three months after Roc and Horizon Oil - another Australia-listed company - had announced a 'merger of equals', that would have created a combined entity with a market cap of US$750 million. That deal effectively valued Roc at around US$250 million, and will now no ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- China
- Malaysia
- Australia
- United Kingdom
- Exploration acreage
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Roc Oil
- Fosun International
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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