Boliden to acquire the Neves-Corvo and Zinkgruvan mines
Boliden has entered into a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is USD 1,300 m plus contingent payments that can reach up to USD 150 m, on a cash and debt-free basis. The transaction, that considerably strengthens Boliden´s mine production as well as internal zinc and copper concentrate supply, is subject to customary regulatory approvals.“The addition of two cash flow generative zinc and copper mines in Portugal and Sweden has a strong industrial logic as well