Nexa Resources confirms Boliden talks on potential deal

[Zinc mine nugget]
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Nexa Resources (NEXA [https://seekingalpha.com/symbol/NEXA]) up 1.4% post-market Thursday after confirming it is aware of ongoing negotiations [https://seekingalpha.com/pr/20571957-nexa-resources-statement-regarding-bolidens-announcement] between Boliden (BDNNY [https://seekingalpha.com/symbol/BDNNY]) and Votorantim S.A. regarding the latter's interest in the company and expects to be in discussions with Boliden regarding a potential transaction.

Earlier in the day, Boliden also confirmed [https://seekingalpha.com/pr/20571635-boliden-statement-regarding-speculation-on-a-potential-acquisition-of-shares-in-nexa] the talks are taking place, following earlier speculation that Votorantim is looking to sell its 64.7% stake in Nexa (NEXA [https://seekingalpha.com/symbol/NEXA]).

Nexa (NEXA [https://seekingalpha.com/symbol/NEXA]) is one of the world’s leading zinc producers, operating five polymetallic mines and three smelters in Brazil and Peru.

MORE ON NEXA RESOURCES

* Nexa Resources: The Zinc Cycle Just Turned, And The Market Hasn't Fully Repriced It [https://seekingalpha.com/article/4915354-nexa-resources-zinc-cycle-just-turned-market-has-not-fully-repriced-it]
* Nexa Resources: Upcycle Still Here, Buy On Mine Improvement [https://seekingalpha.com/article/4915338-nexa-resources-upcycle-still-here-buy-on-mine-improvement]
* Nexa Resources: An Appealing And Sensible Medium-Term Play [https://seekingalpha.com/article/4915323-nexa-resources-an-appealing-and-sensible-medium-term-play]