As per the GlobalData’s deals database, total metals and mining industry cross border M&A deals worth $1.01 billion were revealed in Asia-Pacific Q4 2020, led by Nickel Mines’ $490 million asset transaction.
The figure demonstrated a high of 110.8% over the previous quarter and a low of 33.6% when checked against the last four-quarter mean of $1.52bn. Asia-Pacific retained a 13.12 percent share of the cross-border M&A transaction volume of the global metals & mining industry that totaled $7.7bn in the fourth quarter of 2020. Indonesia was the top country in Asia-Pacific for cross-border M&A transaction value in the metals and mining industry, with an 8.52 percent share and deals worth $655.89 million.
In the purview of deal movement, Asia-Pacific had 27 cross border deals during the fourth quarter of 2020, down 12.90 percent from the previous quarter but up 12.50 percent from the previous four-quarter mean. During the quarter, Australia reported 17 deals.
Cross-border M&A transactions in Q4 2020 from the Asia-Pacific metals & mining industry: Top deals
During quarter four of 2020, the top five cross-border M&A deals for the metals & mining industry accounted for 78 percent of the overall volume.
The total value of the top five cross-border M&A transactions was $790.09 million, compared to a total value of $1.01 billion for the quarter.
The top five cross-border Q4 2020 metals & mining industry deals tracked by GlobalData were:
• The $490m asset exchange of Nickel Mines with Shanghai Respectable Investment Group
• PT Wasesa Indo Nusa’s $163.4 million purchase of Indokal
• Elemental Royalties’ $55 million asset sale to South32
• The $45m purchase by Enaex of Downer Blasting Facilities
• The purchase of SBQ Steels for $36.69m by Liberty House Company.