Aurubis expects EC ruling on Metallo takeover this month

Aurubis' attempts to get regulatory approval for its takeover of secondary copper-tin smelter Metallo continue, Europe's largest copper smelter said, with the decision delayed in the midst of Covid-19 uncertainty.

The Germany-based company has been attempting to gain antitrust regulatory approval for a ?,?380 million ($424 million) takeover of Belgian-Spanish recycler Metallo Chimique since May last year, seeking to solidify plans to diversify its product offering.
The EU'S final decision had been expected by April this year but will now be given early this month, an Aurubis spokesperson confirmed to Fastmarkets on Thursday April 30.

Although a Reuters report earlier this...

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