Morgan Stanley tops GlobalData’s 3Q18 M&A financial adviser league table for metals and mining
Published by Claire Cuddihy,
Assistant Editor
Global Mining Review,
The US-based financial services group led the competition by deal value, with five deals worth US$12.5 billion, including the industry’s highest value deal – Barrick Gold’s proposed acquisition of Randgold Resources for US$6 billion.
According to GlobalData, which uses its tracking of all merger and acquisition, private equity/venture capital and asset transaction activity around the world to compile the league table, CIBC stood at the second position with two transactions worth US$6.1 billion, followed by Credit Suisse with three deals values at US$6 billion. Barclays and M. Klein and Company shared the fourth place by advising on the Barrick Gold-Randgold deal in common.
Global metals and mining deals market 3Q18
The metals and mining sector saw a number of high value deals during 3Q18 when compared to the corresponding quarter the previous year. The overall value surged significantly by 272.5% to US$36.88 billion in 3Q18 from US$9.9 billion in 3Q17. On the contrary, volumes decreased by 10.9% from 346 to 308 during the review period.
Read the article online at: https://www.globalminingreview.com/finance-business/07112018/morgan-stanley-leads-globaldatas-2q18-ma-financial-adviser-league-table-for-financial-services-deals/
You might also like
FLSmidth to deliver two of the world’s largest HPGRs to India
FLSmidth has received an order for the delivery of its high pressure grinding roll (HPGR) technology to India, including installation, commissioning and start-up support, and a service agreement.