Boliden to Acquire Votorantim's Stake in Nexa Resources for $1.3 Billion
- Reports
- 7
- Developments
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- Repetition
- 43%
New informationRepeats or wire copies
What happened
Boliden AB has agreed to acquire Votorantim's controlling stake in Nexa Resources for $1.3 billion in shares. The purchase involves Boliden issuing 0.25 of one of its shares for each Nexa share held by Votorantim, which represents 65% of Nexa Resources. The company stated that the acquisition adds a major zinc and silver platform to Boliden’s portfolio in Latin America.
From mining.com, prnewswire.com
Why it matters
The transaction allows Boliden to expand its base metal production capabilities and its presence in Latin America. Nexa Resources is a polymetallic producer with operations in Central Andes and Brazil. The acquisition bolsters Boliden's global profile as a base metal provider.
From mining.com, prnewswire.com
Who's involved
- Nexa ResourcesPeruvian polymetallic producer targeted for acquisition.
- Boliden ABSwedish company acquiring the majority stake in Nexa Resources.
- VotorantimBrazilian entity whose stake in Nexa Resources is being acquired.
How it developed
Newest first. Tap a step to see who reported it.- Nexa Resources and Vox Royalty Corp. are small-cap materials companies that operate mines in the Central Andes region of Peru.Sub-event
Boliden and Votorantim pursue definitive acquisition agreement to expand mining operations in Peru and Brazil.1 source
Boliden acquisition of Nexa adds major zinc/silver platform in the region.1 source
- Nexa Resources' Aripuanã mine in Peru has operational tailings filters, while its shares trade on the NYSE.Sub-event
- Nexa Resources S.A., operating in Latin America including Peru, is benefiting from Trump-era tariffs, as noted by Scotiabank price target updates.Sub-event
- Nexa conducts exploration drilling on the Vazante target, which is located in Brazil, while also operating in Peru.Sub-event
Nexa operates mines in Central Andes (Peru) and Juiz de Fora, Brazil.1 source
- Wood Mackenzie ranked Nexa Resources among top zinc producers.
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The entities involved
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Nexa Resources
peruvian mining company
Nothing else this week.
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Juiz de Fora
municipality of Minas Gerais state, Brazil
Nothing else this week.
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Central Andes
part of the Andes located in Ecuador, Peru and Bolivia
Nothing else this week.
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Peru
sovereign state in South America
Related events
Coverage
Newest first; wire copies grouped- prnewswire.com
- mining.com
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