Swedish mining company Boliden agrees to acquire a controlling interest in Nexa Resources, with the deal valued at about $1.3 billion. Bloomberg and PR Newswire report that Boliden will buy shares held by Votorantim, taking control of the zinc and silver producer. Seeking Alpha states Boliden will acquire a 64.7% majority stake.
The transaction includes moving Nexa under Boliden’s ownership, expanding Boliden’s footprint into Brazil and Peru. Bloomberg and PR Newswire describe Boliden acquiring Votorantim’s stake as part of a definitive agreement. The Rio Times adds that Votorantim receives Boliden shares rather than cash and that it keeps no direct stake in the miner after the transaction. Across outlets, the core point remains that Boliden gains control of Nexa through the purchase of Votorantim’s holdings, with the specific consideration structure described as share-based by at least one source.
