Acquisitions16 Jan 2026, 06:22 pm
Lloyds Metals and Energy Subsidiary Completes Sale of Shares and Claims Agreement for 50% Stake in Nexus Holdco FZCO
AI Summary
Lloyds Global Resources FZCO (LGRF), a wholly owned subsidiary of Lloyds Metals and Energy Limited, has completed the execution of a Sale of Shares and Claims Agreement to acquire a 50% equity stake in Nexus Holdco FZCO. 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 of copper and a copper processing plant. The transaction is worth USD 90.8 Million. LGRF and existing shareholders shall hold equity shares of Nexus Holdco FZCO in the ration of 50:50 upon completion of the transaction.
Key Highlights
- Lloyds Global Resources FZCO has completed the execution of a Sale of Shares and Claims Agreement to acquire a 50% equity stake in Nexus Holdco FZCO.
- Nexus Holdco FZCO 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 of copper and a copper processing plant.
- The transaction is worth USD 90.8 Million.
- Upon completion of the transaction, LGRF and existing shareholders shall hold equity shares of Nexus Holdco FZCO in the ration of 50:50.