Boliden to Buy Swedish and Portuguese Mines From Lundin Mining for Up to $1.45 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
0mins
Source: WSJ
Boliden's Acquisition: Boliden has agreed to purchase the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden from Lundin Mining for up to $1.45 billion, which includes an upfront payment of $1.3 billion and potential contingent payments of $150 million.
Production Boost: This acquisition aims to enhance Boliden's copper and zinc production capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
