01:24 AM EDT, 08/27/2026 (MT Newswires) -- Boliden (BOL.ST) agreed to acquire Votorantim's entire 64.68% stake in US-listed zinc and silver producer Nexa Resources in an all-stock deal valued at $1.31 billion. Under the terms, Votorantim will receive 0.25 newly issued shares of Boliden, giving it a 7% stake in the latter, according to a Thursday release. Subject to shareholder approval and regulatory clearances, the deal is expected to close in the first quarter of 2027. Following the completion, Boliden plans to launch a voluntary tender offer to acquire the remaining Nexa shares.

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