Nexa Resources SA (NEXA) News & EventsNEXANews & EventsNexa Resources SA

Nexa Resources Shares Drop 10.7% to $13.92

Nexa Resources is down -10.7%, or -$1.66 to $13.92.

Boliden Acquires Controlling Stake in Nexa for $1.3 Billion

Nexa Resources (NEXA) announces that Votorantim has entered into a definitive agreement with Boliden (BDNNY) for the sale of its controlling stake in Nexa. Upon completion, and subject to the applicable corporate and regulatory approvals, control of the Company will be transferred to Boliden. Under the terms of the agreement, Votorantim will transfer its Nexa shares to Boliden through a share-for-share exchange, receiving 0.250 newly issued Boliden common shares for each Nexa common share. The exchange ratio of 0.250x implies consideration to Votorantim of $15.29 per Nexa share, representing a 14.2% premium to the 20-day volume weighted average price of Nexa shares as of July 1, 2026, the last unaffected trading day of the Nexa share on the New York Stock Exchange and a 6.5% premium to the 20-day VWAP of the Nexa share on August 26, 2026 on the NYSE. The total implied consideration for the Transaction is $1.3B. Upon completion, Boliden is expected to hold 64.68% of Nexa's total shares and voting rights, becoming the Company's controlling shareholder, and Votorantim is expected to hold approximately 7% of Boliden's total shares and voting rights. Completion of the transaction is expected to occur during the first quarter of 2027, subject to the satisfaction of customary conditions precedent. Following the closing of the transaction, Nexa will continue to exist as a separate legal entity organized under the laws of Luxembourg, is expected to remain listed on the New York Stock Exchange, and to continue to report under the U.S. Securities Exchange Act of 1934.

Nexa Resources Shares Down 8.3% to $14.29

Nexa Resources is down -8.3%, or -$1.29 to $14.29.