# Aurubis wins EU approval for EUR 380M acquisition of Metallo

Aurubis received unconditional EU approval for its EUR 380 million acquisition of metal recycling group Metallo, with formal closing expected on 29 May 2020 and full merger by end of 2020.

- Type: Acquisition
- Announced: 2020-05-11
- Where: Belgium
- Value: $412.0M (380.0M EUR)
- Status: announced
- Products: copper, tin, lead
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aurubis](https://endata.com/companies/39531.md) (acquirer)
- [Metallo Group](https://endata.com/companies/39532.md) (target)

## Sources

- [recyclinginternational.com](https://recyclinginternational.com/business/aurubis-and-metallo-deal-gets-green-light/30387/), 2020-05-11: "Recycling is crucial for a sustainable society and, furthermore, is an attractive global growth market."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.