Aurubis

The European Commission cleared the formation of Cablo GmbH, a joint venture between Aurubis AG (40%) and TSR Recycling GmbH & Co. KG (60%), to unite cable dismantling activities in Fehrbellin and Gelsenkirchen.

The European Commission cleared the planned joint venture between Aurubis AG and TSR Recycling GmbH & Co. KG, named Cablo GmbH, to unite cable dismantling activities in Fehrbellin and Gelsenkirchen. TSR will hold 60% and Aurubis 40%.

Aurubis and TSR are merging their cable recycling activities into a new company, with TSR owning 60% and Aurubis 40%. The new firm will unite TSR's site in Gelsenkirchen and Aurubis' plant in Fehrbellin.

Aurubis AG and TSR Recycling GmbH & Co. KG signed a joint venture agreement to combine their cable recycling activities under the name Cablo GmbH. TSR will hold 60% and manage operations, while Aurubis holds 40%. The venture will recover copper granules and plastics from cable waste.

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.

German copper group Aurubis announced plans to acquire full ownership of the Belgian-Spanish Metallo Group, a non-ferrous metals recycler, for an enterprise value of €380 million.

German rolled-copper manufacturer Aurubis has agreed to acquire private equity-backed Metallo Group for EUR 380 million to bolster its recycling portfolio.