Boliden receives all regulatory approvals for the acquisition of Somincor (Neves-Corvo) and Zinkgruvan

Rhea-AI Summary

Boliden has secured all necessary regulatory approvals for its acquisition of two mining operations: Neves-Corvo in Portugal and Zinkgruvan in Sweden. The approvals include:

• EU Commission merger control approval
• Swedish Inspectorate of Strategic Products approval under the Swedish FDI Act
• Change of control approval for the Neves-Corvo Portuguese Concession Contract
• Fundamental Permits Approval

The acquisition, initially announced on December 9, 2024, is expected to reach completion in the coming weeks, pending satisfaction of remaining closing conditions.

Positive

• Received all necessary regulatory approvals for strategic mine acquisitions
• Expansion into Portuguese market through Neves-Corvo mine
• Strengthening Swedish operations with Zinkgruvan acquisition

Negative

• None.

STOCKHOLM, April 1, 2025 /PRNewswire/ -- The EU Commission has approved Boliden's acquisition of the mines Somincor-Sociedade Mineira de Neves-Corvo, S.A. ("Neves-Corvo") in Portugal and Zinkgruvan Mining Aktiebolag ("Zinkgruvan") in Sweden. Through the approval, Boliden has received all necessary regulatory approvals to complete the transaction. The regulatory approvals now received include merger control approval by the EU Commission, approval by the Swedish Inspectorate of Strategic Products under the Swedish FDI Act, the change of control approval under the Neves-Corvo Portuguese Concession Contract and the Fundamental Permits Approval.

The acquisition was made public on December 9, 2024, and is expected to be completed in the coming weeks, following the satisfaction of the remaining conditions to closing.

For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
klas.nilsson@boliden.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/boliden-receives-all-regulatory-approvals-for-the-acquisition-of-somincor--neves-corvo--and-zinkgruv,c4128606

The following files are available for download:

https://mb.cision.com/Main/997/4128606/3359992.pdf

Press release

 

View original content:https://www.prnewswire.com/news-releases/boliden-receives-all-regulatory-approvals-for-the-acquisition-of-somincor-neves-corvo-and-zinkgruvan-302416851.html

SOURCE Boliden

FAQ

What regulatory approvals did Boliden (BDNNY) receive for its mining acquisitions?

Boliden received EU Commission merger control approval, Swedish FDI Act approval, Neves-Corvo Portuguese Concession Contract change of control approval, and Fundamental Permits Approval.

When was Boliden's (BDNNY) acquisition of Neves-Corvo and Zinkgruvan first announced?

The acquisition was first announced on December 9, 2024.

Which mines is Boliden (BDNNY) acquiring in this transaction?

Boliden is acquiring Somincor-Sociedade Mineira de Neves-Corvo in Portugal and Zinkgruvan Mining in Sweden.

When is Boliden (BDNNY) expected to complete the Neves-Corvo and Zinkgruvan acquisition?

The acquisition is expected to be completed in the coming weeks following satisfaction of remaining closing conditions.