Boliden to acquire controlling stake in Nexa Resources

Under the terms of the Transaction, Votorantim will receive 0.250x newly issued Boliden shares for each of its Nexa shares resulting in Boliden becoming owner of 64.68% of the total number of shares and votes in Nexa, and Votorantim becoming owner of approximately 7.0% of the total number of shares and votes in Boliden.

Closing of the transaction is subject to certain conditions, including approval by Boliden's shareholders at an extraordinary general meeting and receipt of regulatory approvals. Following Closing, Boliden has agreed with Nexa to launch a voluntary tender offer to purchase for cash any Nexa shares not acquired through the transaction.

"In addition to positioning Boliden as one of the leading zinc providers in the world, the transaction will reinforce our standing as a globally important base metal producer and bring a healthy addition to our precious metal business with a large increase to our output of silver in concentrate. Furthermore, Boliden's and Nexa's combined project portfolio will be highly attractive and present a solid foundation for future growth.

"Also, I am very confident that entering two highly attractive mining and smelting jurisdictions in Latin America together with an experienced partner, who will also become a significant Boliden owner, will bring benefits to internal and external stakeholders both short-term and long-term", commented Mikael Staffas, President and CEO, Boliden.

Read the article online at: https://www.globalminingreview.com/finance-business/28082026/boliden-to-acquire-controlling-stake-in-nexa-resources/