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.