Thursday 24 September 2020

Europe’s metals, mining industry sees 6.5pc rise in deals

DUBAI, December 5, 2019

Europe’s metals and mining industry saw a rise of 6.5 per cent in overall deal activity during Q3 of 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

A total of 33 deals worth $1.92bn were announced for the region during Q3 2019, against the last four-quarter average of 31 deals, added GlobalData.

Of all the deal types, M&A saw most activity in Q3 2019 with 28, representing an 84.9 per cent share for the region, it said.

In second place was private equity with four deals, followed by venture financing deals with one transaction, respectively capturing a 12.1 per cent and 3.03 per cent share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s metals and mining industry with $1.92 billion, followed by venture financing deals totalled $1.75 million.

The top five metals and mining deals accounted for 98.03 per cent of the overall value during Q3 2019.

The combined value of the top five metals and mining deals stood at $1.88 billion, against the overall value of $1.92 billion recorded for the quarter.

The top five metals and mining industry deals of Q3 2019 tracked by GlobalData were:
1. Liberty House Group’s $841.11m asset transaction with ArcelorMittal;
2. The $428m acquisition of Acacia Mining by Barrick Gold;
3. Kinross Gold’s $283m asset transaction with N-Mining;
4. The $274m acquisition of Toro Gold by Resolute Mining;
5. Cengiz Holding’s asset transaction with Liberty Gold and Teck Madencilik Sanayi Ticaret for $55 million. – TradeArabia News Service


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