The value of merger and acqusition deals in the global metals and mining sector for the third quarter stood at $6.98 billion, down 64.6 per cent when compared to $19.91 billion for the same period last year, according to GlobalData’s deals database.
However, the value marked an increase of 48.2 per cent over the previous quarter, it stated.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.27 billion. At the country level, China topped the list in terms of deal value at $2.48 billion.
In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in Q3 2019 was Canada with 82 deals, followed by Australia with 62 and the US with 38.
In 2019, as of the end of Q3 2019, metals & mining M&A deals worth $36.46 billion were announced globally, marking a decrease of 55.1 per cent year on year.
The top metals and mining industry M&A deals in Q3 2019:
The top five metals and mining industry M&A deals accounted for 40.04per cent of the overall value during Q3 2019.
The combined value of the top five metals & mining M&A deals stood at $2.79 billion, against the overall value of $6.98 billion recorded for the month.
The top five metals & mining industry deals of Q3 2019 tracked by GlobalData were:
• Liberty House Group’s $841.11 million asset transaction with ArcelorMittal;
• The $658.99 million acquisition of Maanshan Iron & SteelLimited by Baosteel Hong Kong InvestmentLimited;
• Beijing Haohua Energy Resource’s $442.81 million acquisition of Ningxia Hongdunzi Coal Industry
• The $428 million acquisition of Acacia Mining by Barrick Gold;
• Al Ezz Dekheila Steel’s acquisition of Al Ezz Flat Steel for $423.78 million. - TradeArabia News Service