Boliden announced it has secured long-term financing for its acquisition of the Somincor copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden.
This includes a Sustainability Linked 700 million Euro Term Loan with a three-year tenor, provided by several banks, which repays the bridge loan.
Boliden's Chief Financial Officer Håkan Gabrielsson called the acquisition "pivotal to the long-term development of Boliden," adding that the financing is now fully concluded and aligns with initial intentions.
This loan, combined with an equity raise and dividend exclusion, finalizes funding.
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