Northvolt CEO steps down after bankruptcy filing
Peter Carlsson, co-founder and leader of Northvolt since 2016, will remain as advisor as he quit a day after the firm filed for bankruptcy.
Mining industry cross border M&A deals worth a total of $7.7 billion were announced globally in Q4 2020, according to UK-based analytics firm GlobalData.
The value marked an increase of 593.7% over the previous quarter and a rise of 71.5% when compared with the last four-quarter average, which stood at $4.49 billion.
In terms of volume, North America emerged as the top region for cross border M&A deals, followed by Asia-Pacific and then Europe
Comparing cross border M&A deals value in different regions, Europe held the top position with total announced deals worth $3.61 billion in the period. At the country level, the UK topped the list in terms of deal value at $2.46 billion.
In terms of volume, North America emerged as the top region for cross border M&A deals, followed by Asia-Pacific and then Europe.
The top country in terms of cross border M&A deals activity in Q4 2020 was the US with 17 deals, followed by the Australia with 17 and Canada with 12.
At the end of Q4 2020, cross border M&A deals worth $20.02 billion were announced globally in the mining industry in 2020, marking a decrease of 28.8% year-on-year.
The top five cross border M&A deals accounted for 79.3% of the overall value during Q4 2020. The combined value of these deals stood at $6.11 billion, against the overall value of $7.7 billion recorded for the quarter.
The top five cross border mining deals of Q4 2020 tracked by GlobalData were:
