Boliden to acquire full control of Nexa Resources from Votorantim, expanding its base metals portfolio
Executive summary: Boliden AB and Votorantim S.A. entered into a definitive agreement for Boliden to acquire all of Votorantim's shares in Nexa Resources S.A. The deal gives Boliden full ownership of Nexa, a major producer of zinc, copper and precious metals with operations in Peru and Brazil, thereby strengthening Boliden’s base metals exposure and geographic diversification.
Who is involved: Boliden AB (Swedish mining company), Votorantim S.A. (Brazilian industrial conglomerate), Nexa Resources S.A. (Latin American base metals miner).
Likely next: Closing of the transaction is subject to customary conditions and regulatory approvals, expected to be completed in the coming months.
Boliden AB and Votorantim S.A. have signed a definitive agreement under which Boliden will purchase all of Votorantim’s shares in Nexa Resources S.A. The transaction transfers full ownership of the Latin American zinc, copper and precious‑metals miner to the Swedish mining group. No financial terms or closing date were disclosed in the announcement.
Timeline
- — Boliden to acquire controlling stake in Nexa Resources (PR Newswire)
Analysis — what this means
Sectors affected
- Base metals mining
- Zinc production
- Copper production
- Latin American mining
Key entities
Sources
- Boliden to acquire controlling stake in Nexa Resources — PR Newswire