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Home > Finance > Swedish miner Boliden plans $370 million share issue to finance acquisition

Swedish miner Boliden plans $370 million share issue to finance acquisition

Published by Global Banking and Finance Review

Posted on March 20, 2025

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STOCKHOLM (Reuters) -Swedish mining group Boliden plans a directed share issue of around 3.75 billion crowns ($370 million) to finance its previously announced acquisition of two mines, it said on Thursday.

Boliden said in a statement it planned to carry out the share issue through accelerated bookbuilding targeting Swedish and international institutional investors.

It intends to use the proceeds to finance the planned acquisition of two mines announced in December 2024, Somincor-Sociedade Mineira de Neves-Corvo in Portugal and Zinkgruvan Mining in Sweden, from Lundin Mining.

The share issue was authorised by shareholders at an extraordinary general meeting in January.

($1 = 10.1488 Swedish crowns)

(Reporting by Anna Ringstrom; Editing by Jan Harvey)

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