In the Canadian mining industry, there were 100 M&A deals announced in Q4 2023, worth a total value of $8.1bn, according to GlobalData’s Deals Database. The $6.9bn majority acquisition of Elk Valley Resources by Glencore was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for 2023 helps discover the latest insights on Mining Industry M&A transactions. The report uncovers the analyzes the disruptive themes behind the most notable deals, and helps anticipate shifts in the industry landscape. Buy the report here.
In value terms, M&A activity in Canada increased by 108% in Q4 2023 compared with the previous quarter’s total of $3.9bn and rose by 18% as compared to Q4 2022. Related deal volume decreased by 21% in Q4 2023 versus the previous quarter and was 38% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Canada in Q4 2023 were Bank of Montreal; Canaccord Genuity Group; Allenby Capital with 7, 6, 5 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in Canada Q4 2023 were Cassels Brock & Blackwell; Fasken Martineau DuMoulin; McCarthy Tetrault with 18, 16, 13 deals respectively.
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For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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