Europe’s metals & mining industry sees a rise of 6.5% in deal activity in Q3 2019

21 November 2019 (Last Updated November 21st, 2019 07:53)

Europe’s metals & mining industry sees a rise of 6.5% in deal activity in Q3 2019

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

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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.

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

In second place was private equity with four deals, followed by venture financing deals with one transactions, respectively capturing a 12.1% and 3.03% 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 & mining industry with $1.92bn, followed by venture financing deals totalled $1.75m.

Europe metals & mining industry deals in Q3 2019: Top deals

The top five metals & mining deals accounted for 98.03% of the overall value during Q3 2019.

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

The top five metals & 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 $55m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.