Votorantim S.A. Signs Agreement to Sell Controlling Stake in Nexa Resources to Boliden
Votorantim S.A. has agreed to sell its controlling stake in Nexa Resources to Boliden AB via a share-for-share exchange, transferring 64.68% of Nexa's ownership to the Swedish metals company. Boliden will launch a voluntary cash tender offer for remaining minority shareholders within 30 days of closing, with the price linked to Boliden's volume-weighted average trading price.
Key figures
- Exchange ratio
- 0.25
- Boliden revenue sek
- SEK 90 billion
- Boliden employee count
- 8000
- Seller ownership percent
- 7
- Acquirer ownership percent
- 64.68
AI analysis
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