Led by $2bn acquisition of Denway Development, Asia-Pacific’s metals & mining industry saw a rise of 71.43% in cross border deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 21 cross border deals worth $3.1bn were announced for the region during Q2 2022, against the last four-quarter average of 12.25 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 21 deals, representing a 100% share for the region.
In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s metals & mining industry with $3.13bn.
Asia-Pacific metals & mining industry cross border deals in Q2 2022: Top deals
The top five metals & mining cross border deals accounted for an 88.03% share of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $2.75bn, against the overall value of $3.1bn recorded for the quarter.
1) Seroja Investment $2bn acquisition deal with Denway Development
2) The $311.5m acquisition of Sun Metals Holdings by Korea Zinc
3) Walsin Lihwa $200m acquisition deal for 50.1% stake in PT. Sunny Metal Industry
4) The $120m acquisition of OM Materials (Samalaju) Sdn and OM Materials (Sarawak) Sdn by OM Materials (S)
5) OM Materials (S) and Samalaju Industries Sdn $120m acquisition deal with OM Materials (Samalaju) Sdn and OM Materials (Sarawak) Sdn