Nexa Resources acquired by Boliden

By acquiring a 64.68% controlling stake from Votorantim, the Swedish acquirer integrates a vast Latin American mining portfolio to form a new combined global entity projected to generate in consolidated turnover and in EBITDA. This definitive agreement reconfigures the target's shareholding structure, with the investment holding company agreeing to exchange its entire controlling position for approximately 21.4 million newly issued shares in the acquiring entity. This stock-for-stock mechanism allows the seller to maintain a strategic exposure, securing a 7% stake in the share capital and voting rights of the Swedish parent company, complete with formal board representation and a staggered three-year lock-up period. The execution of this primary share exchange triggers a mandatory regulatory requirement, compelling the buyer to launch a cash tender offer for the remaining 35.32% free-float shares on the New York Stock Exchange. Parallel mandatory tender offers will also be launched for the target's listed subsidiaries in Peru. To secure the immense capital required for these minority buyouts and potential debt refinancing, the acquiring group successfully arranged a $2 billion bridge financing facility, coordinated by Danske Bank and ING. Strategically, the transaction immediately expands the acquirer's geographical footprint, adding a significant silver component to its historical European zinc operations and establishing a consolidated network of 12 distinct mines and 8 smelters worldwide. Financial projections anticipate immediate earnings per share (EPS) accretion exceeding 8%. The execution is supported by a robust advisory consortium: RBC Capital Markets acts as the lead financial advisor, complemented by SEB Corporate Finance, Evercore, and J.P. Morgan. Legal architecture and multijurisdictional compliance are managed by Sullivan & Cromwell LLP, Mannheimer Swartling, and Arendt & Medernach. Closing remains strictly conditional upon approvals from extraordinary general meetings in Sweden and Luxembourg.