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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.