Total metals & mining industry cross border M&A deals worth $372.05m were announced globally in February 2021, led by OZD Asia’s $307m asset transaction with Barrick Gold , according to GlobalData ’s deals database.
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The value marked a decrease of 66.5% over the previous month of $1.11bn and a drop of 78.5% when compared with the last 12-month average, which stood at $1.73bn.
Comparing cross border M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $323m. At the country level, the Peru topped the list in terms of deal value at $307m.
In terms of volumes, North America emerged as the top region for metals & mining industry cross border M&A deals globally, followed by Middle East and Africa and then South and Central America.
The top country in terms of cross border M&A deals activity in February 2021 was the US with eight deals, followed by the South Africa with four and Peru with two.
In 2021, as of February, metals & mining cross border M&A deals worth $1.48bn were announced globally, marking an increase of 53.8% year on year.
metals & mining industry cross border M&A deals in February 2021: Top deals
The top five cross border M&A deals accounted for 97.6% of the overall value during February 2021.
The combined value of the top five metals & mining cross border M&A deals stood at $362.96m, against the overall value of $372.05m recorded for the month.
The top five metals & mining industry cross border M&A deals of February 2021 tracked by GlobalData were:
1) OZD Asia’s $307m asset transaction with Barrick Gold
2) The $22.5m asset transaction with Alumisource by Sims
4) The $10m asset transaction with Borealis Mining by P2 Gold
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.