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In the fourth quarter of 2012, the metallurgical sector of the world industry survived a surge in mergers and acquisitions

The fourth quarter of 2012 was marked by a sharp rise in M&A Aactivity is reported by the consulting agency PWC. The total cost of successful transactions in the metallurgical assets market amounted to $ 10 billion $ 700 million in October - November 2012 compared to $ 4 billion in the third quarter.

The average price of 26 transactions of the last year in the last months of last year was more than $ 400 million, which is twice as high as in the previous quarter ($ 200 million), but less than in the fourth quarter of 2011 ($ 700 million). "Improving in the global economy, investors' trust, and an increase in demand from the end consumers of the market contributed to the surge of activity in the mergers and acquisitions," writes PWS.

The most “minor” transactions were concluded in South America - 2 pieces for $ 128 million, while North America witnessed four internal dramatic contracts worth more than 3 billion 300 million dollars and two external ones: ongoing $ 67 million.

The amount of mega transactions for the amount of more than $ 1 billion around the world amounted to 10 pieces in 2012, and not a single such transaction was concluded in Latin America. Meanwhile, in 2011, three absorptions were successfully passed on the territory, only one Brazil passed, with a contract value of more than $ 1 billion, PWC emphasizes.

Throughout the world, local assets proposals dominated at the level of 76.9% of declared transactions with the participation of buyers from the same country. For example, six out of eight transactions in China were internal.



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