Lloyds Metals and Energy Ltd Approves Acquisition of 50% Stake in Nexus Holdco FZCO and MoU with Tata Steel

Lloyds Metals and Energy Ltd announced the outcome of its Board Meeting held on 10th December, 2025. The Board approved the acquisition of a 50% equity stake in Nexus Holdco FZCO, a holding and investment company with operations in the Democratic Republic of Congo. The consideration for the acquisition is a cash consideration of up to USD 55 million. The Board also approved a non-binding Memorandum of Understanding with Tata Steel Limited for potential areas of cooperation. The acquisition is expected to complete by end of June 2026.