Total metals & mining industry M&A deals worth $230.7m were announced in Asia-Pacific in June 2022, led by Energy Investment(China)’s $73.97m acquisition of 52% stake in Inner Mongolia Datang International Zhungeer MiningLimited, according to GlobalData’s deals database.
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The value marked a decrease of 94.4% over the previous month of $4.09bn and a drop of 93.2% when compared with the last 12-month average of $3.41bn.
Asia-Pacific held a 25.03% share of the global metals & mining industry M&A deal value that totalled $921.72m in June 2022. With a 10.65% share and deals worth $98.19m, China was the top country in Asia-Pacific’s M&A deal value across metals & mining industry.
In terms of M&A deal activity, Asia-Pacific recorded 24 deals during June 2022, marking an increase of 20.00% over the previous month and a rise of 20.00% over the 12-month average. Australia recorded 11 deals during the month.
Asia-Pacific metals & mining industry M&A deals in June 2022: Top deals
The top five metals & mining industry M&A deals accounted for 87.1% of the overall value during June 2022.
The combined value of the top five metals & mining deals stood at $200.94m, against the overall value of $230.7m recorded for the month.
The top five metals & mining industry M&A deals of June 2022 tracked by GlobalData were:
1) Energy Investment(China) $73.97m acquisition deal for 52% stake in Inner Mongolia Datang International Zhungeer MiningLimited
2) The $52.6m acquisition of 8% stake in Vulcan Energy Resources by Stellantis
3) Divine Token $32.35m acquisition deal with Billions Steel International
4) The $23.39m acquisition of Springway Mining by India Cements
5) Sichuan New Energy Power $18.63m acquisition deal for 46.5% stake with Sichuan Energy Investment Dingsheng Lithium Technology