Boliden share rises after UBS raises recommendation
The analyst firm has reassessed Boliden's prospects, especially in light of the purchase of Lundin Mining's European mines, Zinkgruvan in Sweden and Neves-Corvo in Portugal.
UBS sees the deal as strategically sensible and believes it is at a more favorable valuation than originally expected.
The transaction, which is expected to close in mid-2025, is expected to be accretive to earnings and may provide valuable synergies with Boliden's existing operations.
Boliden's share price was up 2.5% at 13:30 on Tuesday.
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