M&A Activity • Dec 14, 2016
M&A Activity
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Regulated Information - Inside Information
14 December 2016 at 7am CEST
Nyrstar NV ("Nyrstar" or the "Company") today announces that it has entered into Share Purchase Agreements to sell its Contonga mine in Peru and various mineral claims located in Quebec, Canada to subsidiaries of Glencore plc, a global diversified natural resources company, for a total cash consideration of USD 26 million (the "Transactions"). The total cash consideration for the Transactions is made up of USD 21 million for the Contonga mine and USD 5 million for the mineral claims. Closing of the Transactions are subject to customary closing conditions and are expected to occur in the first half of 2017.
The Transactions are part of the sale process for all or the majority of Nyrstar's mining assets which was formally launched in January 2016 and includes the completed sale of the El Toqui mine in Chile and the announced sale of the El Mochito mine in Honduras. Nyrstar is continuing to progress the divestment of mining assets and will issue further updates in due course.
BMO Capital Markets Limited and Lazard & Co. are acting as financial advisors to Nyrstar in connection with the Transactions.
Nyrstar is a global multi-metals business, with a market leading position in zinc and lead, and growing positions in other base and precious metals, which are essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world. Nyrstar has operations located in Europe, the Americas, and Australia and employs approximately 5,000 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website: www.nyrstar.com
Anthony Simms - Group Manager Investor Relations T: +41 44 745 8157 M: +41 79 722 2152 [email protected] Franziska Morroni - Group Manager Corporate Communications T: +41 44 745 8295 M: +41 79 719 2342 [email protected]
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