Boliden to Acquire 64.68% Controlling Stake in Nexa, Strengthening Global Zinc Portfolio

Published: Aug 27, 2026 17:55

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On August 27, Boliden and Votorantim entered into a definitive agreement under which Boliden will acquire Votorantim’s entire 64.68% stake in Nexa through a share-swap transaction valued at approximately $1.31 billion. Following completion, Votorantim will hold around 7.0% of Boliden, while Boliden plans to launch a cash tender offer for Nexa’s remaining publicly held shares. Nexa operates 5 zinc, lead, copper and silver-related mining and 3 smelting assets in Brazil and Peru. The transaction will significantly expand Boliden’s global zinc business and extend its presence into Latin America. Closing remains subject to shareholder and regulatory approvals and is now expected in Q1 2027.

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