STOCKHOLM, April 16, 2025 /PRNewswire/ — The purchase of Somincor and Zinkgruvan is now entire and the firms shall be consolidated into Boliden as of April 16, 2025.
On December 9, 2024, it used to be introduced that Boliden had entered into an word with Lundin Mining to procure the Somincor copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden. The money attention paid to the vendor on April 16, 2025, amounted to USD 1.40 billion and consisted of a purchase order value of USD 1.30 billion on a debt- and money sovereign endeavor price foundation as of August 31, 2024 (locked-box life), adjusted for hobby from the locked-box life and alternative standard changes. Past contingent bills of as much as USD 150 million are fix to commodity costs and pleasure of sure statuses as defined within the press loose dated December 9, 2024. The purchase will nearly double Boliden’s zinc pay attention manufacturing and considerably beef up its copper pay attention manufacturing.
“The acquisition consolidates Boliden’s position as the leading base metals company in Europe. These well-invested operations will contribute to value creation within Boliden from the outset. Just like our existing mines, we will also work long-term to create further development opportunities, ” says Mikael Staffas, President and CEO of Boliden.
The purchase used to be financed via a bridge mortgage and a directed proportion factor that raised roughly SEK 3.75 billion for Boliden. The bridge mortgage shall be refinanced via a short lived divergence from Boliden’s dividend coverage as proposed to the Annual Basic Assembly and thru medium and long-term debt financing in series with what has in the past been communicated.
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SOURCE Boliden
