Aurubis AG

  • WKN: 676650
  • ISIN: DE0006766504
  • Land: Deutschland

Nachricht vom 22.05.2019 | 12:44

Aurubis AG: Aurubis acquires Metallo Group

Aurubis AG / Key word(s): Mergers & Acquisitions
Aurubis AG: Aurubis acquires Metallo Group

22-May-2019 / 12:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Aurubis AG acquires Belgian-Spanish Metallo Group

Hamburg, May 22, 2019 - Today, Aurubis AG, Hamburg, has signed an agreement with Metallo Holdings 3 B.V. for the acquisition of 100% of the Belgian-Spanish Metallo Group ("Metallo"). Metallo Holdings is owned by funds managed by TowerBrook Capital Partners, a leading transatlantic investment firm. The purchase price is EUR 380 million (enterprise value). No new shares will be issued in relation to the financing of the transaction.

Metallo is a recycling and refining company with around 530 employees at its main sites in Belgium and Spain, specializing in recovering non-ferrous metals. In the fiscal year 2018, Metallo generated revenues of approximately EUR 985 million. With the transaction, Aurubis continues to actively pursue its recycling strategy.

The closing of the transaction is subject to clearance by the responsible merger control authorities and is expected to take place towards the end of the year.

Contact:

Dr. Björn Carsten Frenzel
Head of Corporate Legal Affairs
E-mail: c.frenzel@aurubis.com
Phone: +49 40 78 83 30 44

*** End of ad hoc notification ***


22-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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