Metals & Mining industry cross border M&A deals total $1.01bn in Asia-Pacific in Q4 2020

25 January 2021 (Last Updated February 15th, 2021 11:34)

Total metals & mining industry cross border M&A deals worth $1.01bn were announced in Asia-Pacific Q4 2020, led by Nickel Mines’ $490m asset transaction, according to GlobalData’s deals database.

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The value marked an increase of 110.8% over the previous quarter and a drop of 33.6% when compared with the last four-quarter average of $1.52bn.

Asia-Pacific held a 13.12% share of the global metals & mining industry cross border M&A deal value that totalled $7.7bn in Q4 2020. With an 8.52% share and deals worth $655.89m, Indonesia was the top country in Asia-Pacific’s cross border M&A deal value across metals & mining industry.

In terms of deal activity, Asia-Pacific recorded 27 cross border deals during Q4 2020, marking a decrease of 12.90% over the previous quarter and a rise of 12.50% over the last four-quarter average. Australia recorded 17 deals during the quarter.

Asia-Pacific metals & mining industry cross border M&A deals in Q4 2020: Top deals

The top five metals & mining industry cross border M&A deals accounted for 78% of the overall value during Q4 2020.

The combined value of the top five cross border M&A deals stood at $790.09m, against the overall value of $1.01bn recorded for the quarter.

The top five metals & mining industry cross border deals of Q4 2020 tracked by GlobalData were:

1) Nickel Mines’ $490m asset transaction with Shanghai Decent Investment Group

2) The $163.4m acquisition of Indokal by PT Wasesa Indo Nusa

3) Elemental Royalties’ $55m asset transaction with South32

4) The $45m acquisition of Downer Blasting Services by Enaex

5) Liberty House Group’s acquisition of SBQ Steels for $36.69m.

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.