Europe’s metals & mining industry saw a rise of 2.9% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 35 deals worth $714.54m were announced for the region during Q2 2020, against the last four-quarter average of 34 deals.
Of all the deal types, M&A saw most activity in Q2 2020 with 30, representing an 85.7% share for the region.
In second place was private equity with three deals, followed by venture financing deals with two transactions, respectively capturing an 8.6% and 5.7% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s metals & mining industry with $707.79m, while private equity and venture financing deals totalled $5.07m and $1.68m, respectively.
Europe metals & mining industry deals in Q2 2020: Top deals
The top five metals & mining deals accounted for 82.7% of the overall value during Q2 2020.
The combined value of the top five metals & mining deals stood at $591.12m, against the overall value of $714.54m recorded for the quarter.
The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:
1) Tronox‘s $300m asset transaction with Eramet
2) The $119.42m acquisition of Amur Zoloto by Kopy Goldfields
3) Stelco’s $100m asset transaction with U.S. Steel
4) The $36m acquisition of OOO GRK Amikan by VTB Bank
5) North Kaluga Mining’s asset transaction with Polymetal International for $35.7m
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.