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DGAP-News: Aurubis AG / Keyword(s): VentaAurubis AG: Aurubis completes the sale of 4 flat rolled product sites at KME 08. 01. 2022 / 07:47 The issuer is only for the content of this announcement.
Aurubis completes the sale of 4 flat rolled products plants to KME
Hamburg, 1 August 2022: Multi-metal supplier Aurubis sells parts of its flat rolled products (FRP) segment to KME SE. The sale was approved by the relevant supervisory government in May and closed on July 29, 2022.
According to the agreement, the zutphen (Netherlands), as well as the longitudinal cutting centers in Birmingham (United Kingdom), Dolný Kubín (Slovakia) and Mortara (Italy), with a total of around 360 workers, will be transferred to KME SE. As announced, FRP’s plants in Stolberg (Germany), Pori (Finland) and Buffalo (USA) are in the U. S. USA) will remain in the Aurubis Group.
The acquisition value is approximately €12 million plus approximately €63 million of net operating capital at closing. The net operating capital was settled by paying off loans from the company to Aurubis for the same amount.
KME SE is the operating subsidiary of INTEK Group SpA and, with plants in Germany, France, Italy, China and the United States, is one of the leading copper and copper alloy brands in the world.
Aurubis – Metals for Progress
Aurubis AG is one of the world’s leading suppliers of non-ferrous steels and one of the largest recyclers in the world. The company transforms complex steel concentrates, scrap steel, recycled fabrics containing biological and biological steels and commercial waste into quality steels. Aurubis produces more than one million tons of cathode-consistent copconsistents per year, and from them a variety of products such as wire rod, non-stop molten forms, profiles and flat rolled products made of co-consisting and co-consisting of alloys. Aurubis also produces a number of other steels, adding valuable steels, selenium, lead, nickel, tin and zinc. The portfolio also includes other products such as sulfuric acid and iron silicate.
Sustainability is a basic detail of Aurubis’ strategy. “Aurubis responsibly transforms raw fabrics into value” – following this maxim, the company integrates sustainable business behaviors and activities into the corporate culture. This implies a prudent technique for natural resources, social and ecological culprits. behavior in activities, and moderate and healthy growth.
Aurubis has approximately 7,200 employees, production sites in Europe and the United States, and a service and distribution formula in Europe, Asia and North America.
Aurubis shares are part of the Prime Standard of the German Stock Exchange and are indexed in MDAX, Global Challenges Index (GCX) and STOXX Europe 600.
More about www. aurubis. com
08. 01. 2022 Dissemination of a corporate news, transmitted through DGAP – a service of EQS Group AG. The sender is only guilty for the content of this advertisement. DGAP distribution comes with regulatory announcements, financial/corporate news, and press releases. Archive in www. dgap. de
Tongue:
english
Company:
Aurubis SA
Hovestrasse 50
20539 Hamburg
germany
Phone:
49 (0)40 / 78 – 31 78
Fax:
49 (0)40 / 78 – 31 30
Email:
a. seidler@aurubis. com
The Internet:
www. aurubis. com
ES EN:
DE0006766504
WKN:
676650
Tracks:
MDAX
Listing:
Frankfurt Regulated Market (Prime Standard), Hamburg; Unofficial regulated market in Berlin, Düsseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:
1409731
end of the news
DGAP Information Service