Votorantim divests 64.7% stake in Nexa Resources to Boliden in $1.3B stock swap

Votorantim has finalized a long-discussed agreement to exit its majority position in Nexa Resources, a base metals producer with significant operations in Brazil and Peru. The transaction, structured as a stock swap, integrates Nexa into the Swedish mining firm Boliden, marking a major consolidation in the zinc, copper, and lead sectors.