• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Boliden acquires Lundin mines for up to $1.45 billion

by December 9, 2024
written by December 9, 2024

Swedish mining company Boliden (ST:BOL) has announced the acquisition of two mines from Lundin Mining (OTC:LUNMF). The deal, valued at up to $1.45 billion, includes the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden.

Boliden’s Chief Executive Mikael Staffas expressed that the acquisition of these cash flow generative mines holds strong industrial logic and strategic fit for the company. Both Neves-Corvo and Zinkgruvan are underground mines that produce zinc, copper, lead, and silver and are equipped with on-site processing facilities.

The transaction involves an upfront cash payment of $1.3 billion and additional contingent payments that could total up to $150 million. Boliden plans to finance this upfront payment through a combination of a share issue and debt.

The company anticipates that this acquisition will have an immediate positive impact on earnings per share. Over the next five years, the mines are expected to contribute between $300 million and $350 million to the group’s earnings before interest, tax, depreciation, and amortization (EBITDA).

The completion of this acquisition is projected for mid-2025, pending the necessary regulatory approvals.

On the other side of the deal, Lundin Mining has reported that the transaction is valued at up to $1.52 billion, with an upfront cash consideration of $1.37 billion.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Arthur J. Gallagher to buy AssuredPartners in $13.45 billion deal
next post
China is probing Nvidia on suspicion of anti-monopoly law breaches; shares fall

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • US airline industry lobbying group chief retiring at end of year
    • Brazilian planemaker Embraer’s third-quarter profit soars to $207 million

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy