Total metals & mining industry M&A deals worth $1.87bn 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 a decrease of 72.3% over the previous quarter and a drop of 67.6% when compared with the last four-quarter average of $5.77bn.
Asia-Pacific held a 20.92% share of the global metals & mining industry M&A deal value that totalled $8.94bn in Q1 2021. With a 10.34% share and deals worth $924.58m, India was the top country in Asia-Pacific’s M&A deal value across metals & mining industry.
In terms of deal activity, Asia-Pacific recorded 102 deals during Q1 2021, marking a decrease of 17.74% over the previous quarter and a drop of 17.91% over the last four-quarter average. Australia recorded 62 deals during the quarter.
Asia-Pacific metals & mining industry M&A deals in Q1 2021: Top deals
The top five metals & mining industry M&A deals accounted for 67.8% of the overall value during Q1 2021.
The combined value of the top five M&A deals stood at $1.27bn, against the overall value of $1.87bn recorded for the quarter.
The top five metals & mining industry 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 $125.76m asset transaction with Suancigou Mining, Yitai Baoshan Coal and Yitai Dadi Coal by Xuzhou Zhongtai Energy Technology
3) Anhui Sierte Fertilizer Industry’s $116.86m acquisition of 60% stake in Guizhou Lufa Industrial
4) The $115.65m asset transaction with Welspun by JSW Steel
5) Shanxi Meijin Energy’s acquisition of Shanxi Meijin Group Jinhui Coal Industry for $100.5m.