# Cosmos Aluminium to acquire Etem Commercial and Industrial Light Metals

Cosmos Aluminium, a Greek firm, has proposed to acquire Etem Commercial and Industrial Light Metals, a subsidiary of Elvalhalcor. The Bulgarian Competition Authority is examining the deal, which is expected to impact the aluminium extrusions market.

- Type: Acquisition
- Announced: 2023-03-07
- Where: Bulgaria
- Status: announced
- Products: aluminium extrusions, architectural solutions
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Cosmos Aluminium](https://endata.com/companies/63296.md) (acquirer)
- [ETEM Commercial and Industrial Light Metals S.A.](https://endata.com/companies/67553.md) (target)
- [Elvalhalcor Hellenic Copper and Aluminium Company](https://endata.com/companies/68986.md) (partner)

## Sources

- [alcircle.com](https://www.alcircle.com/news/bulgarian-competition-authority-to-examine-etem-cosmos-aluminium-merger-91180), 2023-03-07: "The transaction is anticipated to impact the market for aluminium extrusions in Bulgaria and the entire European Economic Area."
- [alcircle.com](https://www.alcircle.com/news/downstream-weekly-recap-bulgarian-competition-authority-to-examine-etem-cosmos-aluminium-merger-magellan-corporation-signs-contract-with-collin-aerosp-91235), 2023-03-12: "A request to investigate Cosmos Aluminium, a Greek company, and its proposed acquisition of Etem Commercial and Industrial Light Metals... was made public by the Bulgarian Competition Authority on Monday."

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