Total metals & mining industry deals worth $4.1bn were announced globally for March 2022, with the $1.7bn acquisition of 80% stake in Anyang Iron & Steel Group being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 79.7% over the previous month of $2.27bn and a drop of 17.9% when compared with the last 12-month average of $4.97bn.
In terms of number of deals, the sector saw a drop of 9.09% with 50 deals in March 2022 when compared to the last 12-month average of 55 deals.
In value terms, Asia-Pacific led the activity with deals worth $3.72bn in March 2022.
metals & mining industry deals in March 2022: Top deals
The top five deals accounted for 91.05% of the overall value during March 2022.
The combined value of the top five deals stood at $3.71bn, against the overall value of $4.1bn recorded for the month.
The top five metals & mining industry deals of March 2022 tracked by GlobalData were:
1) China Fangda Group $1.7bn acquisition deal for 80% stake in Anyang Iron & Steel Group
2) The $1.61bn acquisition of 93.7% stake in Neelachal Ispat Nigam by Tata Steel Long Products
3) Star Alliance International $180m acquisition deal for 99% stake in Starving Lion
4) The $146.58m acquisition of PT Petrosea by PT Caraka Reksa Optima
5) Sichuan Xinjinlu Group $78.82m acquisition deal with Qinghai Jintai Potash Fertilizer
Verdict deals analysis methodology
This analysis considers only announced and completed 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.