Total metals & mining industry cross border M&A deals worth $982.98m were announced in Asia-Pacific in Q1 2021, led by Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources’ $808.93m acquisition of Vedanta, according to GlobalData’s deals database.
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The value marked an increase of 16.3% over the previous quarter and a drop of 22% when compared with the last four-quarter average of $1.26bn.
Asia-Pacific held a 34.25% share of the global metals & mining industry cross border M&A deal value that totalled $2.87bn in Q1 2021. With a 28.19% share and deals worth $808.93m, India 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 28 cross border deals during Q1 2021, marking an increase of 7.69% over the previous quarter and a rise of 5.66% over the last four-quarter average. Australia recorded 14 deals during the quarter.
Asia-Pacific metals & mining industry cross border M&A deals in Q1 2021: Top deals
The top five metals & mining industry cross border M&A deals accounted for 98.2% of the overall value during Q1 2021.
The combined value of the top five cross border M&A deals stood at $965.36m, against the overall value of $982.98m recorded for the quarter.
The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources’ $808.93m acquisition of 10% stake in Vedanta
2) The $76m asset transaction with Government of Henan ProvInce by Henan Found Mining
3) Ascend Global Investment Fund’s $50m acquisition of 4.5% stake in PT Golden Energy Mines
4) The $16.8m acquisition of FALCONTECH by Lansen Investments (Hong Kong)
5) Dundee’s acquisition of 19.38% stake in Big River Gold for $13.63m.
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.