MergerLinks Header Logo

Announced

Completed

BHR Partners completed the acquisition of a stake in Tenke Fungurume Mining from Lundin Mining for $1.136bn.

Synopsis

BHR Partners, a Chinese private equity firm, completed the acquisition of a stake in Tenke Fungurume Mining, a copper and cobalt producer in the Democratic Republic of Congo, from Lundin Mining, a Canadian company that owns and operates mines in Sweden, United States, Chile, Portugal, and Brazil that produce base metals such as copper, zinc, and nickel, for $1.136bn. “The completion of the sale of our minority interest in Tenke will enable Lundin Mining to focus on its majority-owned operations and projects and in parallel, advance our strategy to grow the company while maintaining a strong balance sheet. Lundin Mining is proud to have been part of Tenke’s successful record. We wish the shareholders of Tenke every success in the future," Paul Conibear, Lundin Mining President and CEO.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US