Mergers and acquisitions total $6.2bn in Asia-Pacific in Q3 2022 

The total deal value of $6.2bn marked a decrease of 9.9% in merger and acquisition (M&A) deals over the previous quarter, and a drop of 44.04% when compared with the last four-quarter average of $11.1bn. 

Asia-Pacific held a 62.37% share of the global metals and mining industry M&A deal value that totalled $9.9bn in Q3 2022. With a 23.54% share and deals worth $2.3bn, China was the top country in Asia-Pacific’s M&A deal value across the metals and mining industry. 

In terms of deal activity, Asia-Pacific recorded 99 deals during Q3 2022, marking a decrease of 9.17% over the previous quarter and a drop of 9.79% over the last four-quarter average. Australia recorded 48 deals during the quarter. 

The combined value of the top five M&A deals stood at $3bn, against the overall value of $6.2bn recorded for the quarter. The top five metals and mining industry M&A deals accounted for 49.1% of the overall value during Q3 2022. 

The top five metals & mining industry deals of Q3 2022 tracked by GlobalData were: 

1. Aluminium of China’s $986.4m acquisition of a 19% stake in Yunnan Aluminium 
   
2. The $629.6m acquisition of 51% stake in Xinyu Iron & Steel by the Baowu Steel Group 
3. The $501.8m merger deal with Tata Steel and Tata Steel Long Products 
4. The $471m acquisition of PTT Mining by PT Astrindo Nusantara Infrastruktur 
5. Tata Steel and Tin Plate of India’s $452.77m merger deal