Boliden has completed the acquisition of Somincor (Neves-Corvo) and Zinkgruvan
Boliden has completed its acquisition of Somincor (copper and zinc mine in Portugal) and Zinkgruvan (zinc mine in Sweden) from Lundin Mining for USD 1.40 billion. The deal, announced on December 9, 2024, includes a base purchase price of USD 1.30 billion and potential contingent payments of up to USD 150 million tied to commodity prices and certain conditions.
The acquisition, effective April 16, 2025, will nearly double Boliden's zinc concentrate production and significantly boost its copper concentrate production, strengthening its position as Europe's leading base metals company. The transaction was financed through a bridge loan and a directed share issue that raised approximately SEK 3.75 billion. The bridge loan will be refinanced through a temporary deviation from Boliden's dividend policy and medium to long-term debt financing.
Boliden ha completato l'acquisizione di Somincor (miniera di rame e zinco in Portogallo) e Zinkgruvan (miniera di zinco in Svezia) da Lundin Mining per 1,40 miliardi di USD. L'accordo, annunciato il 9 dicembre 2024, prevede un prezzo base di acquisto di 1,30 miliardi di USD e possibili pagamenti contingenti fino a 150 milioni di USD legati ai prezzi delle materie prime e a determinate condizioni.
L'acquisizione, effettiva dal 16 aprile 2025, quasi raddoppierà la produzione di concentrato di zinco di Boliden e aumenterà significativamente quella di concentrato di rame, rafforzando la sua posizione come principale azienda europea nel settore dei metalli di base. L'operazione è stata finanziata tramite un prestito ponte e un aumento di capitale riservato che ha raccolto circa 3,75 miliardi di SEK. Il prestito ponte sarà rifinanziato attraverso una temporanea deroga alla politica dei dividendi di Boliden e finanziamenti a medio-lungo termine.
Boliden ha completado la adquisición de Somincor (mina de cobre y zinc en Portugal) y Zinkgruvan (mina de zinc en Suecia) de Lundin Mining por 1.400 millones de USD. El acuerdo, anunciado el 9 de diciembre de 2024, incluye un precio base de compra de 1.300 millones de USD y posibles pagos contingentes de hasta 150 millones de USD vinculados a los precios de las materias primas y ciertas condiciones.
La adquisición, efectiva a partir del 16 de abril de 2025, casi duplicará la producción de concentrado de zinc de Boliden y aumentará significativamente su producción de concentrado de cobre, fortaleciendo su posición como la principal empresa europea de metales básicos. La transacción se financió mediante un préstamo puente y una emisión dirigida de acciones que recaudó aproximadamente 3.750 millones de SEK. El préstamo puente será refinanciado mediante una desviación temporal de la política de dividendos de Boliden y financiamiento a medio y largo plazo.
Boliden은 Lundin Mining으로부터 포르투갈의 구리 및 아연 광산인 Somincor과 스웨덴의 아연 광산인 Zinkgruvan을 14억 달러에 인수 완료했습니다. 2024년 12월 9일 발표된 이번 거래는 13억 달러의 기본 매입가와 상품 가격 및 특정 조건에 연동된 최대 1억 5천만 달러의 추가 지급 가능성을 포함합니다.
2025년 4월 16일부로 발효되는 이번 인수로 Boliden의 아연 농축물 생산량은 거의 두 배가 되고 구리 농축물 생산도 크게 증가하여 유럽 내 주요 비철금속 기업으로서의 입지를 강화할 것입니다. 이번 거래는 브리지 론과 약 37억 5천만 SEK 규모의 유상증자를 통해 자금 조달되었으며, 브리지 론은 Boliden의 배당 정책 일시적 예외와 중장기 부채 조달을 통해 재융자될 예정입니다.
Boliden a finalisé l'acquisition de Somincor (mine de cuivre et de zinc au Portugal) et de Zinkgruvan (mine de zinc en Suède) auprès de Lundin Mining pour 1,40 milliard de dollars US. L'accord, annoncé le 9 décembre 2024, comprend un prix d'achat de base de 1,30 milliard de dollars US ainsi que des paiements conditionnels potentiels pouvant atteindre 150 millions de dollars, liés aux prix des matières premières et à certaines conditions.
Cette acquisition, effective à partir du 16 avril 2025, va presque doubler la production de concentré de zinc de Boliden et augmenter significativement sa production de concentré de cuivre, renforçant ainsi sa position de leader européen dans le secteur des métaux de base. La transaction a été financée par un prêt relais et une émission d'actions dirigée ayant permis de lever environ 3,75 milliards de SEK. Le prêt relais sera refinancé par une dérogation temporaire à la politique de dividendes de Boliden et par un financement à moyen et long terme.
Boliden hat die Übernahme von Somincor (Kupfer- und Zinkmine in Portugal) und Zinkgruvan (Zinkmine in Schweden) von Lundin Mining für 1,40 Milliarden USD abgeschlossen. Der am 9. Dezember 2024 angekündigte Deal umfasst einen Grundkaufpreis von 1,30 Milliarden USD sowie potenzielle bedingte Zahlungen von bis zu 150 Millionen USD, die an Rohstoffpreise und bestimmte Bedingungen geknüpft sind.
Die Übernahme, die am 16. April 2025 wirksam wird, wird die Zinkkonzentratproduktion von Boliden nahezu verdoppeln und die Kupferkonzentratproduktion deutlich steigern, wodurch die Position als führendes Basismetallunternehmen Europas gestärkt wird. Die Transaktion wurde durch einen Zwischenkredit und eine gezielte Kapitalerhöhung in Höhe von rund 3,75 Milliarden SEK finanziert. Der Zwischenkredit wird durch eine vorübergehende Abweichung von der Dividendenpolitik von Boliden und mittel- bis langfristige Fremdfinanzierung refinanziert.
- Almost doubles zinc concentrate production capacity
- Significant increase in copper concentrate production
- Strengthens position as leading European base metals company
- Well-invested operations expected to contribute to immediate value creation
- Substantial debt financing required (USD 1.40 billion acquisition cost)
- Temporary deviation from dividend policy to refinance bridge loan
- Additional debt burden through medium and long-term financing
- Potential dilution from SEK 3.75 billion share issuance
On December 9, 2024, it was announced that Boliden had entered into an agreement with Lundin Mining to acquire the Somincor copper and zinc mine in
"The acquisition consolidates Boliden's position as the leading base metals company in
The acquisition was financed through a bridge loan and a directed share issue that raised approximately
For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
Klas.Nilsson@boliden.com
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SOURCE Boliden
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