Mergers and Acquisitions

Boliden in its acquisition of the Neves-Corvo and Zinkgruvan mines for US$1.3 billion plus contingent payments

Boliden
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Patrick J. Sullivan

Partner, Corporate, Vancouver

Neil Rosen

Associate, Corporate, Toronto

Shira Dveris

Associate, Corporate, Toronto

Christine Jackson

Partner, Commercial, Toronto

Alex Hodgson

Associate, Technology, Toronto

David Davachi

Partner, Tax, Toronto

On December 9, 2024, Boliden announced that it had entered a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is US$1.3 billion plus contingent payments that can reach up to US$150 million, on a cash and debt-free basis.

Boliden is a Swedish multinational metals, mining and smelting company with operations in Sweden, Finland, Norway and Ireland. The company produces zinc, copper, lead, nickel, silver and gold.

Osler, Hoskin & Harcourt LLP advised Boliden with a team consisting of Alex Gorka, Patrick Sullivan, Neil Rosen, Shira Dveris (Corporate), Christine Jackson, Alex Hodgson (Commercial) and David Davachi (Tax).

Value
US$1.3 billion
Date Announced
Dec 9, 2024
Lead Office
Toronto
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Patrick J. Sullivan

Partner, Corporate, Vancouver

Neil Rosen

Associate, Corporate, Toronto

Shira Dveris

Associate, Corporate, Toronto

Christine Jackson

Partner, Commercial, Toronto

Alex Hodgson

Associate, Technology, Toronto

David Davachi

Partner, Tax, Toronto