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Total Metals & mining industry cross border M&A deals worth $10.8bn were announced globally in Q2 2022, led by Gold Fields' $6.7bn acquisition of Yamana Gold, according to GlobalData's deals database.
The value marked an increase of 628.4% over the previous quarter of $1.48bn and a rise of 170.2% when compared with the last four-quarter average, which stood at $3.99bn.
Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.94bn. At the country level, the Canada topped the list in terms of deal value at $6.88bn.
In terms of volumes, Asia-Pacific emerged as the top region for Metals & mining industry cross border M&A deals globally, followed by North America and then Europe.
The top country in terms of cross border M&A deals activity in Q2 2022 was the Australia with 11 deals, followed by Canada with seven and the UK with five.
In 2022, at the end of , cross border M&A deals worth $12.26bn were announced globally in Metals & mining industry, marking a decrease of 157.8% year on year.
Cross Border M&A deals in Metals & mining industry in Q2 2022: Top deals
The top five cross border M&A deals in Metals & mining industry accounted for 157.8% of the overall value during Q2 2022.
The combined value of the top deals stood at $9.48bn, against the overall value of $10.8bn recorded for the quarter.
The top five Metals & mining industry cross border Metals & mining deals of Q2 2022 tracked by GlobalData were:
1) Gold Fields $6.7bn acquisition deal with Yamana Gold
2) The $2bn acquisition of Denway Development by Seroja Investment
3) Korea Zinc $311.5m acquisition deal with Sun Metals Holdings
4) The $238.56m acquisition of Alumetal by Norsk Hydro
5) Walsin Lihwa $226.03m acquisition of 70% stake in Cogne Acciai Speciali
Verdict deals analysis methodology
This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition' refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData's deals database.