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.
Vinge's M&A team was led by Ulrich Ziche and consisted of Maria Dahlin Kolvik, Egil Svensson, and Helena Liljenberg (M&A), Johan Cederblad (Environment), Niclas Winnberg (Real Estate), Emil Lindwall and Louisa Fagarasan (Employment), Victor Ericsson (Tax), Mario Saad (Commercial Agreements), and Johanna Engström (Transaction Support), while the Capital Markets team was led by Jesper Schönbeck and consisted of Amanda Knutsson, Joel Wahlberg, Joel Magnusson, and Adrian Filipovic.
For details of the transaction reference is made to Boliden’s press release, find it here.
