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Boliden receives all regulatory approvals for the acquisition of Somincor (Neves-Corvo) and Zinkgruvan

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Boliden has secured all necessary regulatory approvals for its acquisition of two mining operations: Neves-Corvo in Portugal and Zinkgruvan in Sweden. The approvals include:

  • EU Commission merger control approval
  • Swedish Inspectorate of Strategic Products approval under the Swedish FDI Act
  • Change of control approval for the Neves-Corvo Portuguese Concession Contract
  • Fundamental Permits Approval

The acquisition, initially announced on December 9, 2024, is expected to reach completion in the coming weeks, pending satisfaction of remaining closing conditions.

Boliden ha ottenuto tutte le approvazioni regolatorie necessarie per l'acquisizione di due operazioni minerarie: Neves-Corvo in Portogallo e Zinkgruvan in Svezia. Le approvazioni includono:

  • Approvazione della Commissione Europea per il controllo delle fusioni
  • Approvazione dell'Ispettorato Svedese dei Prodotti Strategici ai sensi della legge svedese sugli investimenti esteri diretti
  • Approvazione del cambiamento di controllo per il Contratto di Concessione Portoghese di Neves-Corvo
  • Approvazione dei Permessi Fondamentali

L'acquisizione, annunciata inizialmente il 9 dicembre 2024, dovrebbe essere completata nelle prossime settimane, in attesa del soddisfacimento delle condizioni di chiusura rimanenti.

Boliden ha asegurado todas las aprobaciones regulatorias necesarias para su adquisición de dos operaciones mineras: Neves-Corvo en Portugal y Zinkgruvan en Suecia. Las aprobaciones incluyen:

  • Aprobación de control de fusiones por parte de la Comisión Europea
  • Aprobación de la Inspección Sueca de Productos Estratégicos bajo la Ley de Inversión Extranjera Directa de Suecia
  • Aprobación del cambio de control para el Contrato de Concesión Portugués de Neves-Corvo
  • Aprobación de Permisos Fundamentales

La adquisición, anunciada inicialmente el 9 de diciembre de 2024, se espera que se complete en las próximas semanas, a la espera de cumplir con las condiciones de cierre restantes.

Boliden은 포르투갈의 Neves-Corvo와 스웨덴의 Zinkgruvan 두 광산 운영에 대한 인수에 필요한 모든 규제 승인을 확보했습니다. 승인 사항은 다음과 같습니다:

  • EU 위원회의 합병 통제 승인
  • 스웨덴 외국인 직접 투자법에 따른 스웨덴 전략 제품 검사국의 승인
  • Neves-Corvo 포르투갈 양허 계약의 지배권 변경 승인
  • 기본 허가 승인

이 인수는 2024년 12월 9일에 처음 발표되었으며, 남은 종료 조건이 충족되면 몇 주 내에 완료될 것으로 예상됩니다.

Boliden a obtenu toutes les approbations réglementaires nécessaires pour son acquisition de deux opérations minières : Neves-Corvo au Portugal et Zinkgruvan en Suède. Les approbations incluent :

  • Approbation de la Commission européenne pour le contrôle des fusions
  • Approbation de l'Inspection suédoise des produits stratégiques en vertu de la loi suédoise sur les investissements étrangers directs
  • Approbation du changement de contrôle pour le contrat de concession portugaise de Neves-Corvo
  • Approbation des permis fondamentaux

L'acquisition, annoncée initialement le 9 décembre 2024, devrait être finalisée dans les semaines à venir, sous réserve de satisfaire aux conditions de clôture restantes.

Boliden hat alle notwendigen regulatorischen Genehmigungen für den Erwerb von zwei Bergbauoperationen gesichert: Neves-Corvo in Portugal und Zinkgruvan in Schweden. Die Genehmigungen umfassen:

  • Genehmigung der EU-Kommission zur Fusionskontrolle
  • Genehmigung der schwedischen Inspektion strategischer Produkte gemäß dem schwedischen FDI-Gesetz
  • Genehmigung für den Kontrollwechsel des portugiesischen Konzessionsvertrags von Neves-Corvo
  • Genehmigung der grundlegenden Erlaubnisse

Die Akquisition, die ursprünglich am 9. Dezember 2024 angekündigt wurde, soll in den kommenden Wochen abgeschlossen werden, sofern die verbleibenden Abschlussbedingungen erfüllt sind.

Positive
  • Received all necessary regulatory approvals for strategic mine acquisitions
  • Expansion into Portuguese market through Neves-Corvo mine
  • Strengthening Swedish operations with Zinkgruvan acquisition
Negative
  • None.

STOCKHOLM, April 1, 2025 /PRNewswire/ -- The EU Commission has approved Boliden's acquisition of the mines Somincor-Sociedade Mineira de Neves-Corvo, S.A. ("Neves-Corvo") in Portugal and Zinkgruvan Mining Aktiebolag ("Zinkgruvan") in Sweden. Through the approval, Boliden has received all necessary regulatory approvals to complete the transaction. The regulatory approvals now received include merger control approval by the EU Commission, approval by the Swedish Inspectorate of Strategic Products under the Swedish FDI Act, the change of control approval under the Neves-Corvo Portuguese Concession Contract and the Fundamental Permits Approval.

The acquisition was made public on December 9, 2024, and is expected to be completed in the coming weeks, following the satisfaction of the remaining conditions to closing.

For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
klas.nilsson@boliden.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/boliden-receives-all-regulatory-approvals-for-the-acquisition-of-somincor--neves-corvo--and-zinkgruv,c4128606

The following files are available for download:

https://mb.cision.com/Main/997/4128606/3359992.pdf

Press release

 

Cision View original content:https://www.prnewswire.com/news-releases/boliden-receives-all-regulatory-approvals-for-the-acquisition-of-somincor-neves-corvo-and-zinkgruvan-302416851.html

SOURCE Boliden

FAQ

What regulatory approvals did Boliden (BDNNY) receive for its mining acquisitions?

Boliden received EU Commission merger control approval, Swedish FDI Act approval, Neves-Corvo Portuguese Concession Contract change of control approval, and Fundamental Permits Approval.

When was Boliden's (BDNNY) acquisition of Neves-Corvo and Zinkgruvan first announced?

The acquisition was first announced on December 9, 2024.

Which mines is Boliden (BDNNY) acquiring in this transaction?

Boliden is acquiring Somincor-Sociedade Mineira de Neves-Corvo in Portugal and Zinkgruvan Mining in Sweden.

When is Boliden (BDNNY) expected to complete the Neves-Corvo and Zinkgruvan acquisition?

The acquisition is expected to be completed in the coming weeks following satisfaction of remaining closing conditions.
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