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Boliden to buy 64.7% stake in Nexa Resources for $1.31bn

8/27/2026

At $15.29 per share, a 14.2% premium to Nexa Resources' 20-day volume weighted average price as of 1 July 2026, Boliden has agreed to acquire a 64.68% stake in the miner from Votorantim, putting total implied consideration at $1.31bn.

The deal places Nexa's equity at approximately $2.02bn, or €1.73bn, with an enterprise value of $3.66bn.

Under the terms of the agreement, Boliden will exchange 0.250 newly issued Boliden shares for each Nexa share held by Votorantim.

That ratio will deliver 21.4 million new Boliden shares to Votorantim, equal to roughly 7% of Boliden's total shares and votes.

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