Total metals & mining industry M&A deals worth $4.1bn were announced globally in March 2022, led by China Fangda Group’s $1.7bn acquisition of 80% stake in Anyang Iron & Steel Group, according to GlobalData’s deals database.
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The value marked an increase of 83.3% over the previous month of $2.21bn and a drop of 13.7% when compared with the last 12-month average, which stood at $4.69bn.
Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.7bn. At the country level, the China topped the list in terms of deal value at $1.79bn.
In terms of volumes, Asia-Pacific emerged as the top region for metals & mining industry M&A deals globally, followed by North America and then Europe.
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The top country in terms of M&A deals activity in March 2022 was Canada with seven deals, followed by the Australia with six and India with six.
In 2022, as of March, metals & mining M&A deals worth $7.75bn were announced globally, marking an increase of 1.2% year on year.
metals & mining industry M&A deals in March 2022: Top deals
The top five M&A deals accounted for 91.7% of the overall value during March 2022.
The combined value of the top five metals & mining M&A deals stood at $3.71bn, against the overall value of $4.1bn recorded for the month.
The top five metals & mining industry M&A 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