Swedish mining company Boliden has revealed plans to raise 3.75 billion Swedish crowns (approximately $370 million) through a directed share issue. The funds will be used to finance its acquisition of two mining operations, the company announced on Thursday.
The share issue will be executed via an accelerated bookbuilding process, targeting both Swedish and international institutional investors.
The proceeds will support Boliden’s previously disclosed acquisition of two mines from Lundin Mining: the Somincor-Sociedade Mineira de Neves-Corvo in Portugal and Zinkgruvan Mining in Sweden. These acquisitions were initially announced in December 2024.
Boliden’s shareholders authorized the share issue during an extraordinary general meeting held in January.
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