Boliden receives all regulatory approvals for the acquisition of Somincor (Neves-Corvo) and Zinkgruvan
Boliden has secured all necessary regulatory approvals for its acquisition of two mining operations: Neves-Corvo in Portugal and Zinkgruvan in Sweden.
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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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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