Gold Fields’ $6.7bn acquisition deal with Yamana Gold was the Metals & mining industry’s biggest cross border deal of Q2 2022 as cross border deals worth $10.8bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 620.7% over the previous quarter and a rise of 159.2% when compared with the last four-quarter average of $4.17bn.
In terms of number of cross border deals, the sector saw a rise of 13.24% with 62 deals in Q2 2022 against the average of 54.75 deals in the last four-quarters.
In value terms, North America led the activity with cross border deals worth $6.97bn.
Metals & mining industry cross border deals in Q2 2022: Top deals
The top five Metals & mining industry cross border deals accounted for 87.7% of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $9.48bn, against the overall value of $10.8bn recorded for the quarter.
The top five Metals & mining industry cross border deals of Q2 2022 tracked by GlobalData were:
1) Gold Fields $6.7bn acquisition deal with Yamana Gold
2) The $2bn acquisition of Denway Development by Seroja Investment
3) Korea Zinc $311.5m acquisition deal with Sun Metals Holdings
4) The $238.56m acquisition of Alumetal by Norsk Hydro
5) Walsin Lihwa $226.03m acquisition of 70% stake in Cogne Acciai Speciali
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.