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Total metals and mining industry M&A deals in the third quarter (Q3) of 2019 worth $6.98 billion were announced globally, according to GlobalData’s deals database.
The value marked an increase of 48.2 per cent over the previous quarter and a drop of 64.6 per cent when compared with the last four-quarter average, which stood at $19.91 billion.
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
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