GBAF Logo
Swedish miner Boliden plans $370 million share issue to finance acquisition - Finance news and analysis from Global Banking & Finance Review
Finance

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

Published by Global Banking & Finance Review

Posted on March 20, 2025

1 min read

· Last updated: March 20, 2025

Add as preferred source on Google

Boliden Announces $370M Share Issue for Mine Acquisition

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)

Key Takeaways

  • Boliden plans a $370 million share issue.
  • The funds will finance the acquisition of two mines.
  • The acquisition was announced in December 2024.
  • Share issue targets institutional investors.
  • Shareholder authorization received in January.

Frequently Asked Questions

What is the main topic?
The main topic is Boliden's $370 million share issue to finance the acquisition of two mines.
Who are the target investors?
The share issue targets Swedish and international institutional investors.
What mines are being acquired?
Boliden is acquiring Somincor-Sociedade Mineira de Neves-Corvo in Portugal and Zinkgruvan Mining in Sweden.

Related Articles

Image for Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

Image for Airbus closing in on widebody order from Scandinavian airline, Bloomberg News reports

Airbus closing in on widebody order from Scandinavian airline, Bloomberg News reports

Image for Hegseth, at D-Day event, says Europe faces 'invasion' of dangerous ideologies

Hegseth, at D-Day event, says Europe faces 'invasion' of dangerous ideologies

Image for Soccer-West Ham chair Sullivan steps down amid historic allegations coming to light

Soccer-West Ham chair Sullivan steps down amid historic allegations coming to light

Image for Airline chiefs grapple with fuel shock, fare test at Rio summit

Airline chiefs grapple with fuel shock, fare test at Rio summit

Image for Russia's Sechin says U.S. companies benefit from the closure of the Strait of Hormuz

Russia's Sechin says U.S. companies benefit from the closure of the Strait of Hormuz

More from Finance

Explore more articles in the Finance category

Image for French telecoms trio say deal 'finalisation' for rival SFR delayed by 48 hours
French telecoms trio say deal 'finalisation' for rival SFR delayed by 48 hours
Image for Musk's SpaceX IPO jolts life back into European retail investing
Musk's SpaceX IPO jolts life back into European retail investing
Image for North Korean leader Kim Jong Un visits naval vessel, Rodong Sinmun says
North Korean leader Kim Jong Un visits naval vessel, Rodong Sinmun says
Image for Boeing studying boost of 737 MAX plane production to highest-ever rate
Boeing studying boost of 737 MAX plane production to highest-ever rate
Image for Chip selloff erases over $1 trillion in stock market value
Chip selloff erases over $1 trillion in stock market value
Image for Congo warns of 'rapid' community spread of Ebola, 71 new cases confirmed
Congo warns of 'rapid' community spread of Ebola, 71 new cases confirmed
Image for Analysis-Global oil inventories depleted, next price spike could roil economies, markets
Analysis-Global oil inventories depleted, next price spike could roil economies, markets
Image for Factbox-Who is aboard the International Space Station during the air leak?
Factbox-Who is aboard the International Space Station during the air leak?
Image for Airbus in limbo over early launch of larger A220, sources say
Airbus in limbo over early launch of larger A220, sources say
Image for Commerzbank says UniCredit tender acceptances reach 7.85% in bid battle
Commerzbank says UniCredit tender acceptances reach 7.85% in bid battle
Image for LinkedIn co-founder Reid Hoffman to step down from Microsoft's board
LinkedIn co-founder Reid Hoffman to step down from Microsoft's board
Image for EU weighs rules to cut reliance on China through broader supply chains
EU weighs rules to cut reliance on China through broader supply chains
View All Finance Posts