Gold Fields’ $6.7bn acquisition deal with Yamana Gold was the Metals & mining industry’s biggest cross border deal of Q2 2022 as cross border deals worth $10.8bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 620.7% over the previous quarter and a rise of 159.2% when compared with the last four-quarter average of $4.17bn.
In terms of number of cross border deals, the sector saw a rise of 13.24% with 62 deals in Q2 2022 against the average of 54.75 deals in the last four-quarters.
In value terms, North America led the activity with cross border deals worth $6.97bn.
Metals & mining industry cross border deals in Q2 2022: Top deals
The top five Metals & mining industry cross border deals accounted for 87.7% of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $9.48bn, against the overall value of $10.8bn recorded for the quarter.
The top five Metals & mining industry cross border deals of Q2 2022 tracked by GlobalData were:
1) Gold Fields $6.7bn acquisition deal with Yamana Gold
2) The $2bn acquisition of Denway Development by Seroja Investment
3) Korea Zinc $311.5m acquisition deal with Sun Metals Holdings
4) The $238.56m acquisition of Alumetal by Norsk Hydro
5) Walsin Lihwa $226.03m acquisition of 70% stake in Cogne Acciai Speciali