Boliden to acquire 64.7% stake in Nexa Resources from Votorantim
Boliden, the Swedish mining and smelting giant, has entered into an agreement with Votorantim to acquire its 64.68% stake in Nexa Resources for an implied consideration of $1.31 billion. This strategic transaction, valuing Nexa shares at $15.29 each, aims to establish Boliden as a global leader in zinc production and significantly expand its operational footprint across Europe and Latin America. The deal, expected to close in the first quarter of 2027, will consolidate 12 mines and eight smelters under Boliden's expanded portfolio, while Nexa continues as a separately listed entity on the NYSE.
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