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Lloyds Metals to Acquire 50% Stake in Nexus Holdco for $55M; Signs MOU with Tata Steel
Lloyds Metals and Energy Limited, through its subsidiary, has approved the acquisition of a 50% stake in Nexus Holdco FZCO for up to USD 55 million. Nexus holds substantial interests in nine companies in the Democratic Republic of Congo, including mining concessions and a copper processing plant. Additionally, the company has entered into a non-binding MOU with Tata Steel to explore cooperation in mining, logistics, and steel production. This dual-track strategy signifies aggressive international expansion and strategic domestic partnership.
Key Highlights
Acquisition of 50% equity stake in Nexus Holdco FZCO for a cash consideration of up to USD 55 million
Target entity holds 80-90% stake in nine DR Congo companies with mining concessions and a copper plant
Non-binding MOU signed with Tata Steel Limited for cooperation in raw materials, logistics, and pellets
The international acquisition is expected to be completed by the end of June 2026
Strategic diversification into the copper segment and expansion of mineral exploration business
👀 What to Watch
Investors should monitor the execution of the DR Congo acquisition and the development of the Tata Steel partnership as these could significantly scale operations. The entry into copper processing provides a hedge and growth lever outside the company's traditional iron ore focus.
