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Aurubis expecting approval for acquisition of Metallo

Aurubis, Europe’s biggest copper smelter, is expected to receive EU antitrust approval for their acquisition of Metallo, a metal-recycling group, for $412M.

“Due to megatrends such as smart homes, e-mobility, digitalization, and renewable energies, both the quantity and the complexity of secondary raw materials will increase significantly. Metallo’s processing expertise and specific metallurgical know-how provide an excellent complement to Aurubis’ own strengths.”
Jürgen Schachler, previous Executive Board Chairman

A portion of Metallo’s assets based in Spain and Belgium are set to be divested assuming regulatory approval of the acquisition.


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