Mergers & Acquisitions ·
Votorantim agrees to sell controlling stake in Nexa Resources to Boliden for 0.250 Boliden shares per Nexa share
NEXANexa Resources S.A.
Controlling shareholder Votorantim S.A. entered into a definitive agreement with Boliden AB to transfer its approximately 64.68% stake in Nexa Resources through a share-for-share exchange, receiving 0.250 newly issued Boliden common shares for each Nexa common share held. The transaction is subject to customary conditions precedent, including shareholder and regulatory approvals, and is expected to close during the first quarter of 2027. Upon completion, Boliden will become the controlling shareholder, while Votorantim is expected to hold approximately 7% of Boliden's total shares. Boliden has agreed to commence a voluntary cash tender offer for remaining minority Nexa shares and mandatory tender offers for certain Peruvian subsidiaries following closing. The company operates large-scale polymetallic mines in Peru and Brazil, as well as zinc smelters.