Led by AKROPOL GROUP’s $6.3bn acquisition of 30% stake in Polyus, Europe’s metals & mining industry saw a drop of 9.28% in 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 22 deals worth $7.1bn were announced for the region during Q2 2022, against the last four-quarter average of 24.25 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 19 deals, representing an 86.4% share for the region.
In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 9.1% and 4.6% 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 $7.14bn, followed by venture financing deals totalled $0.9m.
Europe metals & mining industry deals in Q2 2022: Top deals
The top five metals & mining deals accounted for a 98.3% share of the overall value during Q2 2022.
The combined value of the top five deals stood at $7.02bn, against the overall value of $7.1bn recorded for the quarter.
1) AKROPOL GROUP $6.3bn acquisition deal for 30% stake in Polyus
2) The $238.56m acquisition of Alumetal by Norsk Hydro
3) Walsin Lihwa $226.03m acquisition deal for 70% stake in Cogne Acciai Speciali
4) The $147.92m acquisition of 64.57% stake in Lubelski Wegiel Bogdanka by Polish State Treasury
5) Stanmix Holding $105m acquisition deal with AO Kun-Manie