M&A Deal Summary

Posco International Acquires Senex

On December 13, 2021, Posco International acquired oil/gas exploration company Senex for 852M AUD

Acquisition Highlights
  • This is Posco International’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Posco International’s 0th largest (disclosed) transaction.
  • This is Posco International’s 1st transaction in Australia.

M&A Deal Summary
Date 2021-12-13
Target Senex
Sector Oil/Gas Exploration
Buyer(s) Posco International
Deal Type Add-on Acquisition
Deal Value 852M AUD

Target

Senex

Brisbane, Australia
Senex is an oil and gas explorer and producer. Senex was founded in 1980 and is based in Brisbane, Australia.

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Buyer(S) 1

Buyer

Posco International

Incheon, South Korea
Category Company
Founded 1967
Sector Oil/Gas Exploration
Employees1,698
Revenue 33.13T KRW (2023)
DESCRIPTION

Posco International engages in trading, natural resource development, infrastructure development and operation, and other businesses worldwide. Posco International was founded in 1967 and is based in Incheon, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Posco Daewoo - complementary assets

Ferrier, Alberta, Canada

Posco Daewoo Corp. - complementary assets comprise approximately 1,250 boe/d (65% natural gas, 35% liquids) of low decline (<15%) current production and represent the consolidation of working interest ownership in existing producing wells and formation rights.

Sell CA$10M
Mergr

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