Analysis of the key themes driving M&A activity reveals that renewable energy accounted for 11 mining deals announced in Q2 2023, worth a total value of $210.7m. The $177.5m acquisition of Vulcan Energy Resources by Akzo Nobel Industrial Chemicals was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals by Top Themes – Thematic Intelligence report helps understand the themes that impact the metals & mining industry by analyzing which themes drive the M&A activity. Buy the report here.
In value terms, renewable energy-related deal activity increased by 824% in Q2 2023 compared with the previous quarter’s total of $22.8m and rose by 301% as compared to Q2 2022. Related deal volume increased by 22% in Q2 2023 versus the previous quarter and was 1000% higher than in Q2 2022.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Linklaters; Fasken Martineau DuMoulin; KWM Service with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in 2022 - Thematic Intelligence, buy the report here.