Asia-Pacific metals & mining industry cross border M&A deals total $1.01bn in Q4

Total metals & mining industry cross border M&A deals worth $1.01bn were announced in Asia-Pacific Q4 2020, led by Nickel Mines’ $490m asset transaction, according to GlobalData’s deals database.

The value marked an increase of 110.8% over the previous quarter and a drop of 33.6% when compared with the last four-quarter average of $1.52bn.

Asia-Pacific held a 13.12% share of the global metals & mining industry cross border M&A deal value that totalled $7.7bn in Q4 2020. With an 8.52% share and deals worth $655.89m, Indonesia was the top country in Asia-Pacific’s cross border M&A deal value across metals & mining industry.

In terms of deal activity, Asia-Pacific recorded 27 cross border deals during Q4 2020, marking a decrease of 12.90% over the previous quarter and a rise of 12.50% over the last four-quarter average. Australia recorded 17 deals during the quarter.

Asia-Pacific metals & mining industry cross border M&A deals in Q4 2020: Top deals

The top five metals & mining industry cross border M&A deals accounted for 78% of the overall value during Q4 2020.

The combined value of the top five cross border M&A deals stood at $790.09m, against the overall value of $1.01bn recorded for the quarter.

The top five metals & mining industry cross border deals of Q4 2020 tracked by GlobalData were:

• Nickel Mines’ $490m asset transaction with Shanghai Decent Investment Group
• The $163.4m acquisition of Indokal by PT Wasesa Indo Nusa
• Elemental Royalties’ $55m asset transaction with South32
• The $45m acquisition of Downer Blasting Services by Enaex
• Liberty House Group’s acquisition of SBQ Steels for $36.69m.

Source: Global Data, Photo: Fotolia