Boliden Acquires Somincor (Neves-Corvo) and Zinkgruvan from Lundin Mining
April 16, 2025
Boliden completed the acquisition of the Somincor (Neves-Corvo) copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden from Lundin Mining on April 16, 2025. The cash consideration was USD 1.40 billion (USD 1.30 billion enterprise value plus up to USD 150 million contingent payments); the deal was financed with a bridge loan and a directed share issue that raised ~SEK 3.75 billion. The acquisition nearly doubles Boliden's zinc concentrate production and significantly strengthens its copper concentrate output.
- Buyers
- Boliden
- Targets
- Somincor (Neves-Corvo), Zinkgruvan
- Sellers
- Lundin Mining
- Industry
- Industrial Services
- Location
- Beja District, Portugal
- Transaction Type
- Buyout
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