Lloyds Metals and Energy Ltd Gets Approval to Acquire 50% Stake in Nexus Holdco FZCO for Up to USD 55 Million

Lloyds Metals and Energy Ltd, an Indian company, has received approval to acquire a 50% equity stake in Nexus Holdco FZCO, a United Arab Emirates-based holding and investment company. Nexus holds approximately 80-90% equity stake in Surya Mines SARL and eight other companies incorporated in the Democratic Republic of the Congo, which collectively hold various mining concessions and a copper processing plant. The deal is expected to complete by the end of June 2026, with a cash consideration of up to USD 55 million. The acquisition is aimed at expanding Lloyds' existing business of mineral exploration and processing in a growing commodity segment.