Votorantim agrees to swap controlling Nexa stake for Boliden shares
Reuters2026/08/27 10:13- Boliden agreed to acquire Votorantim’s controlling stake in Nexa Resources via a share-for-share exchange of 0.25 Boliden shares per Nexa share.
- Boliden is expected to hold 64.68% of Nexa’s shares and voting rights on closing; Votorantim is expected to own about 7% of Boliden.
- Closing is targeted for Q1 2027, subject to shareholder votes and customary regulatory clearances.
- Boliden plans a cash tender offer for remaining Nexa shares within 30 days of closing, priced off Boliden’s 20-day VWAP.
- Nexa is expected to remain a separate Luxembourg entity listed on the NYSE, with a seven-member board including four Boliden affiliates.
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