Nexa Resources (NEXA) has released an update.
Nexa Resources has divested its Morro Agudo Complex in Brazil to Casa Verde Holding Ltda. for R$80 million, aiming to optimize its portfolio and improve cash flow. The sale includes the Morro Agudo and Ambrósia mines, excluding the Bonsucesso project, and is aligned with Nexa’s strategic focus on maximizing shareholder value. The transition is expected to be completed between Q2 and Q3 of 2024 with minimal business impact.
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