Total metals & mining industry M&A deals worth $238.35m were announced in Asia-Pacific in March 2021, led by JSW Steel’s $115.65m asset transaction with Welspun, according to GlobalData’s deals database.
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The value marked an increase of 5.8% over the previous month of $225.38m and a drop of 88.02% when compared with the last 12-month average of $1.99bn.
Asia-Pacific held an 11.86% share of the global metals & mining industry M&A deal value that totalled $2.01bn in March 2021. With a 5.75% share and deals worth $115.65m, India 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 33 deals during March 2021, marking a decrease of 2.94% over the previous month and a drop of 25.00% over the 12-month average. Australia recorded 21 deals during the month.
Asia-Pacific metals & mining industry M&A deals in March 2021: Top deals
The top five metals & mining industry M&A deals accounted for 84.5% of the overall value during March 2021.
The combined value of the top five metals & mining deals stood at $201.29m, against the overall value of $238.35m recorded for the month.
The top five metals & mining industry M&A deals of March 2021 tracked by GlobalData were:
1) JSW Steel’s $115.65m asset transaction with Welspun
2) The $50m acquisition of PT Golden Energy Mines by Ascend Global Investment Fund
3) Northern Star (Carosue Dam)’s $13.94m asset transaction with Shannon Resources
4) The $13.31m asset transaction with Great Northern Palladium by Red Emperor Resources
5) Vox Royalty’s acquisition of Horizon Minerals for $8.39m.
