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  1. Deals Analysis
May 12, 2021

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.

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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.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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