Metals & Mining industry M&A deals total $586.23m in Europe in Q1 2021

Total metals & mining industry M&A deals worth $586.23m were announced in Europe in Q1 2021, led by Eregli Demir ve Celik Fabrikalari TAS’s $340m acquisition of Kumas Manyezit Sanayi, according to GlobalData’s deals database.

The value marked a decrease of 92.3% over the previous quarter and a drop of 75.7% when compared with the last four-quarter average of $2.41bn.

Europe held a 6.56% share of the global metals & mining industry M&A deal value that totalled $8.94bn in Q1 2021. With a 3.80% share and deals worth $340m, Turkey was the top country in Europe’s M&A deal value across metals & mining industry.

In terms of deal activity, Europe recorded 29 deals during Q1 2021, marking a decrease of 9.38% over the previous quarter and a drop of 2.52% over the last four-quarter average. The UK recorded 11 deals during the quarter.

Europe metals & mining industry M&A deals in Q1 2021: Top deals

The top five metals & mining industry M&A deals accounted for 93.2% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $546.28m, against the overall value of $586.23m recorded for the quarter.

The top five metals & mining industry deals of Q1 2021 tracked by GlobalData were:

1) Eregli Demir ve Celik Fabrikalari TAS’s $340m acquisition of Kumas Manyezit Sanayi

2) The $85.19m acquisition of 51.3% stake in Trans-Siberian Gold by Horvik

3) Allied Gold’s $63.36m asset transaction with Endeavour Mining

4) The $29.73m acquisition of 27.5% stake in Sonora Lithium by Jiangxi Ganfeng Lithium

5) Trident Royalties’ asset transaction with Orion Mine Finance Fund III for $28m.